HyperliquidHyperCoreIsNowLiveonDune

Hyperliquid is the exchange where perpetuals trading moved fully onchain: deep order books, fast fills, no custodian standing between a trader and their position.

Beyond crypto perpetuals, HIP-3 lets any team deploy a perpetual market on real-world assets like equities, commodities, FX, and indices. HIP-4 runs onchain prediction markets on real-world events.

As that activity has scaled, it is now available on Dune.

Hyperliquid runs as one Layer 1 blockchain split across two execution environments: HyperEVM and HyperCore.

HyperEVM, already on Dune, handles the smart-contract side.

Today we're adding HyperCore: the native matching engine and fully onchain order book that every perpetual, spot, and prediction-market trade settles through.

The two are connected. HyperEVM contracts read and write directly into HyperCore's state through built-in precompiles, so a DeFi application can plug straight into the exchange without a bridge. That's why having both on Dune matters: activity can be traced end to end, from a contract's logic to the order book it settles through.

HyperCore includes:

• Fully onchain order book. Orders, fills, and cancels settle onchain, with no custodian standing between a trader and their position.
• Real-world asset markets (HIP-3). Any team can permissionlessly deploy a perpetual market on equities, commodities, FX, or indices.
• Onchain prediction markets (HIP-4). Traders take positions on real-world events and outcomes, settled the same transparent way.

$1.43T has traded on Hyperliquid (HyperCore) year to date across 785.6M trades, $393.8B of it through HIP-3 builder markets.

Explore the Hyperliquid dashboard

Decoded HyperCore data unlocks a different use case for every team. Quant and systematic trading desks turn order flow, fills, funding, liquidations, and prediction-market activity into cross-asset execution and risk signals. Research and strategy teams read HIP-3 RWA positioning, open interest, funding, and volume as a live proxy for trader demand in perpetual markets tied to equities, commodities, indices, and other real-world assets.

With HyperCore live on Dune, you can explore:

• Perpetual & spot trading. Orders, fills, cancels, TWAPs, leverage, margin, funding, and new market deployments across perp, spot, and prediction markets.
• Order book. Live L2 diffs and one-minute depth snapshots of Hyperliquid's fully onchain order book.
• Trade executions. Price, size, side, fees, and PnL for every fill.
• Account & network activity. Transfers, withdrawals, sub-accounts, vaults, approvals, referrals, balance changes, liquidations, staking, and validator delegations.
• Prediction markets. HIP-4 market definitions, outcomes, and votes.

Explore the Hyperliquid dashboard

HyperCore data is an enterprise add-on. Talk to our data solutions team to scope your use-case and access.

Talk to data solutions

• Explore the Hyperliquid dashboard
• Talk to data solutions