Business

Liquidity breeds liquidity, they say. Hyperliquid, as its name suggests, has become the decentralized exchange of choice for many traders, especially those looking to trade perpetual futures or “perps,” blockchain-based derivative contracts that allow users to speculate on the price of an asset with leverage and no expiration date. Created by Harvard classmates Jeff Yan […]

Perpetual futures have become one of crypto’s defining financial products, but DRW CEO Don Wilson says much of what people think they know about them is wrong. In a series of posts on X, Wilson argued that perpetual futures — or “perps” — are simply futures contracts without an expiration date. The features often associated