Part 4/14:
Hyperlquid offers a suite of advanced features: perpetual futures with 50x leverage, cross and isolated margin modes, social trading pools, auto-generated yield strategies within their HLP treasury, and access to a wide array of over 100 trading pairs. These features attract serious traders, including institutional actors, who can leverage large Bitcoin amounts with minimal impact on the market. The platform's revenue model stems largely from trading fees, with a notable buyback-and-burn scheme that reduces supply and positively influences token value—its native token, HYPE, surged from $3.90 at launch to an all-time high above $59.