Trade on an order book anyone can audit
Hyperliquid runs a fully onchain order book, so every order, fill and liquidation is publicly visible.
- 10 minutes
- 4 steps
- Free to watch; trading needs capital
- medium
- 1 solution uses it
- 1 film
On a fully onchain order book you see every order and liquidation, the same view big traders get.
Chapter 1 · The wall
The wall you hit
Exchange books are usually a black box. This one is fully public.
Chapter 2 · The power
What changes now
Hyperliquid runs a fully onchain order book, so every order, fill and liquidation is publicly visible.
Chapter 3 · Watch
Watch it done
Chapter 4 · Do it
Do it yourself
Do it with me
Do it here, step by step
5 stepsabout 10 minFree
- 1Open Hyperliquid with the link and browse a market without connecting 2 min
- 2Look at the live order book and recent trades 2 min
- 3Look up any address to see its open positions 2 min
- 4If you trade, start tiny: leverage can wipe out a position fast 3 min
- 5Prove it worked 1 min
- Open Hyperliquid with the link and browse a market without connecting.
- Look at the live order book and recent trades.
- Look up any address to see its open positions.
- If you trade, start tiny: leverage can wipe out a position fast.
- 10 min
- Free to watch; trading needs capital
- medium
Wallet or sign-in will not open in here? Open Hyperliquid in a new tab ↗
Chapter 5 · Prove it
Prove it worked
You can read a public address's positions from the explorer.
Chapter 6 · Next star
Your next star
- Read · 5 min · Free to readRead the crowd's real-money odds on the newsOn Polymarket people put money behind outcomes, so prices show what the crowd expects.Go to this star →
- Play · 5 min · Free practice; small capital for real ridesLearn perps by playing a game of tiny real tradesHyperider turns a live price into a road: ride green, dodge red, and each ride places tiny auto-closed trades, with a free practice mode.Go to this star →
Chapter 7 · Build
Build what is missing
A plain-language dashboard of the biggest public Hyperliquid positions, with alerts when one nears its liquidation price.
Who could build it Traders and crypto journalists who want to see risk building before it breaks.
Real problems
Solutions that use this
Questions
How long does it take to trade on an order book anyone can audit?
About 10 minutes, in 4 steps. The first step is: Open Hyperliquid with the link and browse a market without connecting.
What does it cost?
Free to watch; trading needs capital. Start with the free parts, and never put in more than you can afford to lose.
Do I need to be technical?
It is rated medium. Hyperliquid runs a fully onchain order book, so every order, fill and liquidation is publicly visible.
How do I know it worked?
You can read a public address's positions from the explorer.
What real problems does this help with?
I want to learn trading safely.