What Is Hyperliquid? The L1 Behind Purrdict Prediction Markets
Hyperliquid is a high-performance Layer 1 blockchain purpose-built for derivatives trading. It powers Purrdict's prediction markets with sub-second settlement.
Definition
Hyperliquid is a Layer 1 blockchain designed from scratch for high-performance trading. It runs a fully on-chain order book that processes thousands of transactions per second with sub-second finality, handling over $200 billion per month in perpetual futures volume.
Why Hyperliquid for Prediction Markets
Most blockchains are too slow for real-time trading. Ethereum processes ~15 transactions per second. Solana is faster but still has congestion issues during high-demand periods.
Hyperliquid solves this with:
- Sub-second block times — orders fill almost instantly
- High throughput — thousands of TPS without degradation
- Native order book — matching happens on-chain, not on a separate server
- Minimal gas costs — the chain subsidizes most transaction costs
Hyperliquid Ecosystem
Hyperliquid supports:
- Perpetual futures — leveraged trading on crypto assets
- Spot trading — direct token swaps
- HIP-4 prediction markets — binary and multi-outcome event contracts
- HyperEVM — an EVM-compatible execution layer for smart contracts
Purrdict on Hyperliquid
Purrdict is built on Hyperliquid’s HIP-4 standard, giving prediction market traders the same sub-second fills and shared margin that perp traders already enjoy. Your prediction market positions share margin with your other Hyperliquid positions.