Uniswap powers spot swaps via automated market makers and multi-chain liquidity pools. Hyperliquid runs a purpose-built L1 with a fully on-chain order book for ultra-fast perpetual futures. Discover the key differences and how VALR brings Hyperliquid Perps to users.

HYPE and ETH are native tokens of two distinct Layer 1 blockchains. ETH powers Ethereum, the leading general-purpose smart-contract platform for DeFi, NFTs and tokenized assets. HYPE fuels Hyperliquid, a high-performance L1 optimized for fully on-chain order-book trading of perps, spot markets and more.

HYPE & ASTER: Native tokens of Hyperliquid and Aster, leading decentralized perpetual futures platforms. HYPE powers Hyperliquid’s high-performance L1 with fully on-chain order books; ASTER fuels Aster’s multi-chain hybrid DEX with high leverage, privacy features and its own L1.