Learn how to build a perpetual futures trading platform like Hyperliquid. Explore the tech stack and development steps to create a crypto derivatives exchange.
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From the launch of the first crypto exchange platform to the platforms we’re using today, crypto trading platforms have introduced various new types of trading options to traders and investors. This leads to the introduction of derivative trading platforms, which help investors manage unpredictable price changes. The perpetual futures trading platform has made an impact among these new trading strategies, as it enables investors to trade perpetual contracts, which have no expiration date.
Hyperliquid is a popular perpetual futures trading platform that enables users to speculate on price movements using leverage. Launching a perpetual futures trading platform like Hyperliquid in the current market can be beneficial for aspiring entrepreneurs. In this article, let’s understand the core development process of a Hyperliquid perpetual exchange.
Hyperliquid is a decentralized perpetual futures exchange platform that allows users to trade with perpetual contracts, a contract with no expiry date, which allows you to hold as long as you want. Since hyperliquid runs on its own custom Layer 1 blockchain network, it handles trades without relying on other networks.
It executes trades quickly and smoothly with zero transaction fees. It also uses the central limit order book (CLOB) system, which aids in price control and provides a better trading experience to its users. It supports non-custodial trading, which provides complete control over your funds with no central authority, making it more transparent.
Creating your own perpetual futures trading platform, like Hyperliquid, involves building a decentralized exchange platform with perpetual futures contracts. Since 7 out of 10 people trading perpetual futures use HyperLiquid, it has become a top player among perpetual futures trading platforms.
Whether you’re a startup or a well-established company, developing a platform like Hyperliquid helps you succeed in the current market. Maticz offers custom hyperliquid perpetual exchange development services with robust security features. Our blockchain developers are experienced in creating complex platforms like a perpetual futures trading platform. From development to post-launch, maticz provides end-to-end support in every phase to develop your decentralized perpetual exchange like Hyperliquid.
Maticz integrates advanced features in a hyperliquid perpetual trading platform to make it safe, scalable, and run smoothly. Let’s break down the core features that build our hyperliquid perpetual trading platform:
- Perpetual Contracts
- Custom Layer1 Blockchain
- Central Limit Order Book (CLOB)
- Zero Transaction Fees
- Faster Trade Execution
- Non-Custodial Trading
- Leverage Support
- High-Level Security
- User-Friendly Interface
Developing a decentralized perpetual futures trading platform like Hyperliquid involves several development stages. Each phase is crucial to creating a well-performing perpetual futures trading platform. The following is a step-by-step breakdown of the development process of the hyperliquid perpetual futures exchange:
First, understand what the current crypto market needs by conducting thorough market research. Analyze what traders and investors are expecting from the platform, understand the current market trends, and identify the gaps. Next, gather the detailed client's requirements, such as their desired feature integration, their objectives, and their targeted audiences.
The platform architecture is developed after the requirements have been established. This involves choosing the blockchain infrastructure, defining the trading engine, smart contracts, oracles & APIs, selecting on-chain & off-chain components, and planning the architecture for scalability, latency & security.
Smart contracts are the pillar of our decentralized perpetual futures exchange, as they automate all the processes without the need for any central authority. Our developers build the smart contracts for perpetual futures trading logic, managing user funds & data, handling leverages, and managing liquidity.
The trading engine development is a critical component of the development process since it handles order placement, matching, and execution. It also provides real-time updates of trades and positions. A central limit order book system must be implemented, as it is in charge of keeping trading records open to the public.
Users can connect and interact with the platform by integrating non-custodial cryptocurrency wallets like Metamask, WalletConnect, or Coinbase Wallet. These wallets enable users to manage their funds effectively, eliminating intermediaries.
Creating an easy-to-use and beginner-friendly UI/UX is the next phase. This involves creating the platform that aligns with the specifications of the client. Our UI/UX team changes the font, color,& theme of the platform, adds branding & logo, and designs a responsive trading dashboard with real-time charts.
Since the cryptocurrency industry deals with actual money, security is essential to success. Our platform is protected with advanced security protocols like risk management tools, audited smart contracts, end-to-end encryption, two-factor authentication, multi-signature support, and cold-wallet storage. Also, frequent bug bounty programs aid in finding and resolving bugs.
Liquidity is important to a perpetual futures trading platform as it aids in building users' trust and attracts more users to the platform. This involves connecting liquidity pools, integrating liquidity solutions, or rewarding liquidity providers. It is vital to make the platform highly liquid for users.
When the entire design and development process is complete, the platform must be tested to guarantee it is suitable for market launch. This includes solving bugs discovered during the testing stage and running functional tests to ensure that the platform can handle large traffic volumes.
Once the testing is completed, the Hyperliquid perpetual futures trading platform is successfully deployed to the mainnet. Once our platform is populated with users, it is essential to monitor its performance in the market to ensure everything is running smoothly.
Our support team continues to provide complete technical support as well as maintenance even after your platform has been released into the market. This includes regularly updating & adding features, providing technical support to users & platform owners, continuously monitoring platform performance, and fixing bugs.
Developing a perpetual futures exchange like Hyperliquid with Maticz can offer the following benefits:
Fast Trading
Our hyperliquid perpetual futures trading platform uses a custom layer 1 blockchain to execute trading at lightning speed. Our platform executes trades quickly, even during high traffic.
Customization
The platform can be fully customised to meet your needs and specifications. We let you customize the UI/UX, features, trading rules, fee structure, and admin panels. This makes your platform unique in the crowded market.
Leverage Trading
Users can manage bigger trade positions with small capital by using leverage trading. For example, if a user has $1000 and uses 10x leverage, he/she can open a trade worth $10,000.
Advanced Trading Features
Our hyperliquid perpetual futures exchange enables users to access advanced trading features such as perpetual contracts, leverage trading, funding rate mechanisms, and real-time P&L ( Profit and Loss) tracking.
Multiple Revenue Opportunities
Launching a perpetual futures exchange like Hyperliquid provides multiple revenue streams, like trading fees, staking, white-label licensing, subscription models, and maker/taker fees.
Highly Scalable
Our hyperliquid perpetual trading platform is designed to handle high traffic volumes as it is built with a scalable architecture. This ensures that your platform grows along with your user base.
Developing a hyperliquid perpetual futures trading platform from an industry expert is crucial, as it involves developing complex trading features. Maticz, a well-established perpetual trading platform development company, has in-depth expertise in building high-performing, secure, scalable, and custom hyperliquid perpetual futures trading platforms. With hands-on experience in derivatives trading platform development, our developers build your hyperliquid platform with advanced features.
Whether you’re willing to build a platform from scratch or opt for a white-label crypto exchange solution, Maticz builds anything according to your needs. We prioritize security-first development and build your platform with advanced security features. From requirement gathering to post-launch support and maintenance, our team offers complete end-to-end solutions throughout each phase. Reach out to our experts today to build your hyperliquid perpetual futures trading platform and keep succeeding in the cryptocurrency market.
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