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ReferenceLook up4 pages
GlossaryFoundationEvery term used on this site, from ALO to weiDecimals, defined in a sentence or two and linked to the page that explains it in full.Numbers and limitsPractitionerEvery Hyperliquid protocol parameter and limit in one place, from tick sizes and funding caps to HIP-4 deployer limits and HyperEVM gas, each with where it comes from.FormulaePractitionerThe formulae behind funding, margin, liquidation, lending, fees, outcome payoffs and HyperEVM costs, written plainly, each with a line of explanation.TimelineFoundationHyperliquid's history in dated events, from the 2023 points programme through HYPE, the HyperEVM and HIP-3 to permissionless HIP-4 deployment in 2026, each with its source.
ReferenceProtocol tables5 pages
Exchange action referenceExpertEvery action the /exchange endpoint accepts, grouped by job, with who must sign it, its key fields and where it is explained, including undocumented actions seen live.CoreWriter action referenceExpertEvery CoreWriter action id a HyperEVM contract can send to HyperCore, with its field tuple, units and measured behaviour, including the undocumented action 14.Precompile referenceExpertThe 21 read precompiles at 0x800 to 0x814 that let a HyperEVM contract read HyperCore state: address, input, output and scaling for each.Asset encoding cheat sheetPractitionerEvery asset id, coin name, token index, system address and decimals rule on Hyperliquid, with the formula that produces each and a worked example.Error cataloguePractitionerEvery error string Hyperliquid is known to return, from the official list and from measurement on chain, with its cause, the fix and the page that explains it.
LearnWhat Hyperliquid is and how it works
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First principles
Consensus and validators
HyperCore
Research
For the press
TradeMarkets, margin and risk
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Trading fundamentals
Perpetuals
Spot
Outcome markets
Accounts and credit
Advanced trading
Incentives
BuildApps, bots and contracts
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Build on HyperCore
Build on the HyperEVM
DeployLaunch and run markets
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The HIPs
Deploy markets
ReferenceEvery number, action and term
Look up
Protocol tables
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Timeline

Foundation

Hyperliquid's history in dated events, from the 2023 points programme through HYPE, the HyperEVM and HIP-3 to permissionless HIP-4 deployment in 2026, each with its source.

Only dates a source supports are listed, at the precision the source gives. In the Source column:

  • “docs” is the official documentation.
  • “chain” is a read of mainnet itself: a token’s creation time, a market’s first daily candle, or a block timestamp.
  • “press report” is contemporary news coverage.
  • “deployer records” is the dated history (commits, logs, release notes) of a production HIP-4 deployer.

A market’s first daily candle dates its first trade, not its announcement. The launch of the Hyperliquid L1 itself has no date in the docs or in any chain read used here, so it is left out rather than guessed.

Before the chain: 2020 to 2023

Section titled “Before the chain: 2020 to 2023”

The team did proprietary market making in crypto first; what it saw in DeFi (poor market design, weak technology, clumsy interfaces) is the problem Hyperliquid set out to fix. See why Hyperliquid runs on its own chain.

Date Event Source
2020 The team later known as Hyperliquid Labs does proprietary market making in crypto docs: about-hyperliquid/core-contributors
Summer 2022 The team expands into DeFi docs: about-hyperliquid/core-contributors
2023 HyperCore vaults launch; the docs now call them legacy vaults docs: hypercore/vaults

The points programmes: 2023 and 2024

Section titled “The points programmes: 2023 and 2024”

Points rewarded early activity; both programmes have ended.

Date Event Source
Up to 2023-10-31 Closed alpha; points are later distributed for this period too docs: points
2023-11-01 The points programme begins: 1,000,000 points a week for 6 months. Affiliates earn 1 point for every 4 their referred users earn; weeks end Wednesdays at 00:00 UTC and points are paid on Thursdays docs: points
2024-05-01 The first points programme ends docs: points
2024-05-01 to 2024-05-28 Activity in this gap later earns a points multiplier docs: points
2024-05-29 The L1 phase of points begins: 700,000 points a week docs: points
November 2024 The L1 phase of points ends docs: points

Tokens, the HyperEVM and HIP-3: 2024 and 2025

Section titled “Tokens, the HyperEVM and HIP-3: 2024 and 2025”

Between 2024 and late 2025 the spot side, the native token, the second execution environment and builder-deployed perps all went live. The pillars they added are on the house of finance.

Date Event Source
2024-04-16 PURR/USDC, spot pair 0, starts trading. PURR is token 1, the first native token after USDC chain: first daily candle; spotMeta
2024-05-16 The first HIP-1 token deployed by an outside deployer is created: HFUN, token 2. Tokens 3 to 7 follow within ten days chain: tokenDetails deploy times
2024-11-29 HYPE is created at 06:45 UTC as token 150, with genesis balances for 94,023 addresses, and HYPE/USDC starts trading the same day chain: tokenDetails; first daily candle
2025-02-18 The HyperEVM produces block 1, at 03:36:20 UTC chain: HyperEVM block 1
2025-09-24 USDH/USDC starts trading chain: first daily candle
2025-10-13 The first HIP-3 perp dex market starts trading. On 2026-11-03, 10 HIP-3 dexes were registered and 9 had traded chain: first daily candles; perpDexs

Outcome markets: 2026

Section titled “Outcome markets: 2026”

HIP-4 went from announcement to permissionless mainnet deployment in under seven months. Deploying under it: becoming an outcome deployer.

Date Event Source
2026-02-02 Hyperliquid announces HIP-4, outcome markets press report
2026-03-10 HIP-4 opens on testnet deployer records
2026-05-02 HIP-4 launches on mainnet. The first market is a recurring BTC binary outcome that settles daily at 06:00 UTC on the HyperCore mark price; multi-outcome markets are not part of the initial release press report; docs: HIP-4
About 2026-06-06 The HIP-4 quote asset switches from USDH to USDC. Before the switch, depositing meant a USDC transfer plus a USDH spot buy deployer records
2026-07-20 Hyperliquid announces permissionless HIP-4 deployment. The specification published then calls for 500,000 HYPE locked for 6 months, slashable for bad markets, wrong settlement or settlement more than a week late press report; deployer records
2026-07-31 Permissionless HIP-4 deployment opens on testnet. The release rules out disputes, bonds, overturns and slashing for late settlement on testnet deployer records
2026-08-29 Permissionless HIP-4 deployment goes live on mainnet, from validator-approved templates press report
September 2026 Support for outcome markets in CoreWriter (action 17) and the read precompiles (outcomeStatus at 0x814, outcome ids accepted by 0x801 and 0x808) is confirmed deployer records; docs: interacting-with-hypercore
2026-11-03 Mainnet lists 316 outcomes and 34 questions across 4 deployer venues; 308 of the outcomes are built from validator-approved templates chain: outcomeMeta

For what these dates added up to, see Hyperliquid in five minutes. The 2024 and 2025 entries are explained on HIP-1, HYPE, the HyperEVM and HIP-3; the 2026 entries on HIP-4: outcome markets; the points programmes on Points (historical).