What is Hyperliquid and how to use it

Aaron Basi

31 Oct 2025 • 4 min read

Introduction

The future of trading is decentralized — and Hyperliquid is at the forefront of this evolution.

As a high-performance decentralized perpetual exchange (DEX) built on its own purpose-built Layer 1 blockchain, Hyperliquid combines the speed of centralized exchanges with the transparency and self-custody of DeFi.

Now, with ioPay Wallet, you can easily access Hyperliquid directly from your phone or desktop — explore perpetual futures markets, manage funds, and trade with confidence in a fully decentralized environment.

This guide will walk you through how to use Hyperliquid on ioPay and explain why this integration matters for every DeFi trader seeking a CEX-like experience on-chain.

🔍 What Is Hyperliquid?

Hyperliquid is a next-generation decentralized perpetual futures exchange (DEX) running on a high-speed Layer 1 blockchain designed specifically for trading.

It delivers CEX-level performance, deep liquidity, and full on-chain transparency, offering users a seamless decentralized trading experience.

On Hyperliquid, traders can access perpetual contracts (perps) for popular cryptocurrencies like BTC, ETH, SOL, and emerging altcoins — with up to 50x leverage on selected markets, depending on liquidity and risk parameters.

Key Features:

📊 Real order book & professional interface — just like Binance Futures
🔒 Fully on-chain security & transparency — all trades are verifiable
⚡ Low fees, ultra-fast execution — powered by a custom Layer 1
💧 Perpetual futures & liquidity provision (HLP) support
🧑🤝🧑 Community-driven governance and decentralized markets

In short: Hyperliquid = decentralized Binance Futures — fast, transparent, and entirely user-owned.

🧭 Step-by-Step Guide: How to Access Hyperliquid with ioPay

Step 1: Open ioPay’s Built-in dApp Browser

From ioPay’s main screen, tap the “Discover” icon at the bottom.

This is your gateway to the decentralized world — including dApps like Hyperliquid, Polymarket, Mimo, and more.

Step 2: Visit Hyperliquid

In the search bar, type “Hyperliquid” and tap its icon.

Alternatively, you can access it directly via: 👉 https://app.hyperliquid.xyz

Step 3: Connect your wallet

Click “Connect”, choose Default Wallet, and approve the signature request in ioPay.

Your wallet is now securely connected — with your private keys fully under your control.

Step 4: Explore Markets and Start Trading

You can now view a professional trading interface with real-time charts and order books.

If you want to trade on Hyperliquid, you need to deposit assets from your wallet into your account first.

Tap the "Account" icon at the bottom. On this page, you can deposit, withdraw, and transfer funds between spot and perps.

Hyperliquid recommends depositing USDC on Arbitrum (because perp can only be ordered with USDC), but you can also transfer other tokens on other chains and then exchange them to USDC through spot trading.

Take $XPL as an example.

On the trading page, select the spot trading pair list, search for $XPL trading pairs, select the $XPL/$USDC trading pair, click "Sell", confirm the price and size to sell, and click "Place Order". Once the order is matched, you will receive the corresponding $USDC.

Return to the Account page to transfer $USDC from Spot to Perps, or you can directly click "Transfer to Perps" in the Balance window on the Markets page.

Return to the trading page, select the Perps trading pair you want to trade, choose the direction (Long or Short), confirm the price and size, and click "Place Order" to start your Perps journey.

Tips: Perps order must have a minimum value of $10.

🌐 Why Use Hyperliquid Through ioPay?

Trading Hyperliquid through ioPay gives you the best of both worlds — CEX-level performance with full DeFi control.

🧩 All-in-One Web3 Access Discover and use top DeFi dApps like Hyperliquid, Polymarket, Mimo, and ioTube directly inside ioPay.
🔐 True Self-Custody ioPay never holds your assets — you stay in full control of your private keys and funds.
⚙️ Smooth, Secure, and Fast ioPay’s optimized dApp browser ensures seamless access and signing across all supported chains.
🌍 Expand Your DeFi Universe Hyperliquid integration brings advanced derivatives trading to ioPay users — bridging the gap between traditional trading performance and Web3 decentralization.

This integration aligns with IoTeX’s broader mission — connecting people, devices, and data through a trusted decentralized infrastructure, empowering a smarter, interconnected Web3 ecosystem.

📱 Download ioPay Wallet

Your all-in-one portal to the decentralized world. 👉 Official website: iopay.me