Today I discovered an interesting exchange—Hyperliquid (high-performance perp L1) for perpetual contracts, supporting spot/meme tokens in the Solana ecosystem, and some xStocks (tokenized US stocks like SPYx, TSLAx).

It's not a traditional cold and sterile trading interface, but more like playing a game: real-time leaderboards, copying expert traders, voice chat rooms for alpha, season-based trading tournaments, and earning rewards through Kernel Points. The core selling point is “Easy Trades, Fun Wins”—transparent trading (on-chain PnL), learnable and copyable, comparable and entertaining.

Simply put: it turns perpetual/spot trading into an “on-chain eSports”—public real-time PnL, copying masters, one-click copy trading, voice chat strategy rooms, seasonal leaderboards, and Kernel Points (earned through trading, posting, and inviting—community thinks airdrops are highly likely).

Recently, it closed a $2 million seed round led by Mirana Ventures, and the first global trading tournament is about to start. Many believe this could be a new way to play in the perp space: from lonely, intense chart watching to a public battle + learning + socializing.

Its biggest highlight is on-chain transparency: who profits and who loses, how strategies are used—all verifiable, no worries about fake screenshots. The copy trading logic is also on-chain verifiable, reducing many black-box risks.
But there are obvious risks: leverage + competitive trading can easily lead to overtrading and liquidation risks skyrocketing. While Kernel Points are attractive, they don’t equate to real money—start small and test the waters.

Are you guys playing?

It turns the once lonely on-chain trading into a social arena where everyone battles, learns, and earns together. If you find trading boring, want to learn from experts, prove your skills, or just earn some early-stage points, this might be just what you need. Interested friends can download and try it out! Trade easily, win happily. Trading with me can get you a 35%🍿 rebate.
Register here: App Store:
Google Play:
Invitation code: atm13999

#Hyperliquid #Social Trading #踩坑实录 #DeFi Infrastructure #Web3Observation