What is Hyperliquid? The World's #1 DEX Thais Should Know

What is Hyperliquid?

Hyperliquid is a Decentralized Exchange (DEX) for trading perpetual futures, built on its own native Layer-1 blockchain. It is designed to provide speed and a user experience comparable to centralized exchanges, while remaining transparent and without intermediaries holding your funds.

Simply put, Hyperliquid is one of the world's largest trading markets, accessible to everyone globally, including Thais. It requires no KYC, no brokerage account setup, and your funds remain in your wallet at all times.

Hyperliquid’s Incredible Numbers

• $10B+ Daily Volume — Larger than most other DEXs combined.
• #1 DEX by Volume — Surpassing dYdX, Drift, and all other competitors.
• 200+ Assets — Covering crypto, stocks, gold, oil, and indices.
• 0.2s Block Time — 75 times faster than Ethereum.

How is Hyperliquid Different from Standard Exchanges?

Standard exchanges like Binance or Bitkub are Centralized Exchanges (CEXs), which means:

• The company holds your money and assets.
• You must pass KYC identity verification.
• Funds are in a company "account," not your personal wallet.
• If the company fails or gets hacked, your funds may be lost (e.g., the FTX case).

Hyperliquid is the opposite; it is a DEX where:

• No middleman — every transaction settles on the blockchain.
• No KYC — simply connect your MetaMask and start trading immediately.
• Funds are held in verifiable smart contracts, not by a company.
• 100% Transparent — view every transaction on the explorer.

What Can You Trade on Hyperliquid?

Hyperliquid supports two main types of assets:

1. Perps (Perpetual Futures) — Hyperliquid Official

Covers all leading cryptos such as BTC, ETH, SOL, HYPE, DOGE, XRP, and over 100 others with deep liquidity and high volume.

2. HIP-3 — Community Built Markets

A system that allows anyone to create markets on Hyperliquid, enabling the trading of Gold (GOLD), Oil (BRENTOIL), US Stocks (NVDA, AAPL, TSLA), Indices (SP500), and much more.

What is SiamDEX, and How Does it Differ from Hyperliquid?

SiamDEX is a Thai-language interface built on top of Hyperliquid using the Builder Code system.

To put it simply — if Hyperliquid is the stock exchange, SiamDEX is the brokerage app connected to that exchange. You trade through SiamDEX, but all orders go to the Hyperliquid order book, accessing global liquidity.

SiamDEX charges a service fee of 0.01% per trade via the Builder Fee system, which is still significantly cheaper than most Thai exchanges.

Why Should Thais Know About Hyperliquid?

Profits earned from trading on Hyperliquid are in USDC, which is essentially real USD, rather than volatile crypto. You can withdraw USDC to Bitkub or other Thai exchanges and sell it for Baht immediately. This opens the door for Thais to access a global financial market with $10B+ daily volume without KYC or opening foreign brokerage accounts.

Summary — Who is Hyperliquid for?

• People who want to trade crypto without going through KYC.
• Those who want to trade Gold, Oil, and US Stocks 24/7 without a brokerage account.
• Users who demand transparency — where every transaction is audit-able.
• Traders looking for leverage up to 40x.
• Those who want to earn profit in USD and withdraw it back to Baht.