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Hyperliquid (HYPE)

info

Gem Wallet supports both HyperLiquid L1 and HyperEVM. This section is focused on Hyperliquid L1. To learn more about HyperEVM go here.

What is Hyperliquid?​

Hyperliquid L1 is a high-performance Layer 1 blockchain built specifically for decentralized trading. It features a fully on-chain order book for spot and perpetual futures, powered by the custom HyperBFT consensus mechanism. It achieves sub-second block times (median ~0.2 s), extremely high throughput, and deep liquidity. The native token is HYPE.

Hyperliquid on GemWallet Hyperliquid on GemWallet 2

Here are 5 key points about Hyperliquid L1:

  1. Custom HyperBFT Consensus Mechanism: A proprietary algorithm inspired by Hotstuff, enabling sub-second block times (median latency ~0.2 seconds) and high decentralization while maintaining robust security.

  2. Exceptional Throughput and Speed: Supports up to 200,000 transactions per second (TPS) with 99th percentile latency under 1 second, optimized for high-frequency trading and real-time execution.

  3. Fully On-Chain Order Book: Features a transparent, decentralized Central Limit Order Book (CLOB) for spot and perpetual futures trading, ensuring all orders, matches, and liquidations are recorded on-chain without intermediaries.

  4. Low to Zero Transaction Fees: Fees in native HYPE tokens are minimal (fractions of a cent per transaction) due to efficient design, with no additional gas costs for core operations like trading.

  5. Built-in Financial Primitives: Integrates native spot and perpetual order books directly into the protocol, supporting advanced DeFi tools like up to 50x leverage, margin trading, and seamless liquidity for permissionless applications.

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Learn more about Hyperliquid by reading the Gem Wallet Learn article:
What Is Hyperliquid?

Hyperliquid on Gem Wallet​

Gem Wallet has the following features enabled for Hyperliquid:

  • Buy Hyperliquid (HYPE) with fiat using debit/credit cards.
  • Store HYPE tokens on Hyperliquid securely.
  • Send and Receive HYPE tokens on Hyperliquid natively.
  • Swap HYPE to USDC via the integrated Hyperliquid DEX.
  • Swap HYPE on Hyperliquid L1 to HYPE on HyperEVM and vice versa.
  • Stake HYPE to earn more HYPE.
  • Connect and Trade on Hyperliquid L1.
warning

Some Centralized Exchanges (CEX) support sending and receiving HYPE on Hyperliquid L1 and HyperEVM. Confirm first if the CEX supports Hyperliquid L1 and always remember to do a test transaction when you are trying something for the first time.

How to Receive Hyperliquid L1 (HYPE) with Gem Wallet?​

Here are some ways to acquire some Hyperliquid L1 (HYPE):

  • Buy Hyperliquid L1 (HYPE) directly on the Gem Wallet app.

Buying Hyperliquid L1 (HYPE) with Gem Wallet Buy Hyperliquid L1 (HYPE) with Transak

  • Receive HYPE with the unique Hyperliquid L1 address on the Gem Wallet app.

Receive Hyperliquid L1 (HYPE) with Gem Wallet Hyperliquid L1 (HYPE) Received on Gem Wallet

  • Swap HYPE on HyperEVM directly to HYPE on Hyperliquid L1.

Swap Hyperliquid L1 (HYPE) to HyperEVM (HYPE) with Gem Wallet Swapping HyperEVM to Hyperliquid L1 (HYPE) on Gem Wallet

How to Send Hyperliquid L1 (HYPE) with Gem Wallet?​

Tap on Send, then input the Recipient Address manually or use the QR Code Scanner. Next, set the amount of Hyperliquid L1 (HYPE) you want to send.

Input Hyperliquid L1 Address Specify Amount of HYPE

There is Zero Network Fees when doing transactions on Hyperliquid L1. Just hit Confirm to submit the transaction.

0 Network Fees Ready to Send HYPE

Can I Swap Hyperliquid L1 (HYPE) to USDC on Gem Wallet?​

  • Effortlessly swap Hyperliquid L1 (HYPE) for USDC using integrated Decentralized Exchanges (DEXs) for fast, secure, and efficient transactions.

Swap HYPE to USDC tokens Swap USDC to HYPE

  • Easily convert USDC back to Hyperliquid L1 (HYPE).

Swap USDC to HYPE Swap USDC to HYPE Confirm

Can I Stake Hyperliquid (HYPE) on Gem Wallet?​

Yes, you can stake Hyperliquid (HYPE) on Gem Wallet to earn rewards. Follow the Hyperliquid staking guides to delegate your HYPE tokens to a validator.

Stake HYPE on Gem Wallet HYPE Staking Dashboard

How to Check Hyperliquid L1 (HYPE) Balance?​

Gem Wallet app connects to the Hyperliquid L1 Blockchain to show the HYPE balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on Hyperliquid Explorer.

View HYPE Balance Popup Hyperliquid Explorer Balance Screen

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Hyperliquid Explorer is the default Hyperliquid L1 explorer of Gem Wallet. You can manually check balances and transactions by going to Hyperliquid Explorer and search for your HYPE address.

View Hyperliquid L1 Transaction on Gem Wallet View Transaction on Hyperliquid Explorer

Why Choose Gem Wallet for Hyperliquid?​

  1. Native & Optimized Support: Gem Wallet was one of the very first mobile wallets to add full native Hyperliquid L1 integration. It connects directly to the official Hyperliquid RPC with sub-second sync times, so your HYPE balance and transaction history always update instantly — perfect for fast-moving perps and spot trading.

  2. Seamless One-Click DEX Connection: From inside the app you can connect to app.hyperliquid.xyz with a single tap. No manual wallet selection, no copy-pasting addresses — just open Gem → “Connect” → you’re live on the on-chain order book in seconds.

  3. Completely Non-Custodial and Zero Extra Fees: You keep 100 % control of your 12-word Secret Phrase and private keys. Gem Wallet charges no additional fees on top of the zero Hyperliquid network cost, making it one of the cheapest and most private ways to hold and trade HYPE on mobile.

Gem Wallet + Hyperliquid L1 – the perfect mobile combo

Lightning-fast native support, instant balance sync, one-tap connection to the Hyperliquid DEX, and full self-custody with zero added fees. Whether you’re holding HYPE or actively trading perps and spot on the fastest on-chain order book in DeFi, Gem Wallet gives you the smoothest, most private, and completely non-custodial mobile experience available today. Simple. Fast. Yours.