# Hyperliquid (HYPE)
> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.
**Publisher:** Decentralized Finance Publication
**Type:** Governance · **Chain:** Hyperliquid L1
## Summary
Hyperliquid (HYPE) is a governance token on Hyperliquid L1. Native token for Hyperliquid L1 perp DEX and staking.

**Tags:** HYPE, Hyperliquid, Governance, DeFi, Hyperliquid L1

## Related research

- https://decentralized-finance.io/article/hyperliquid-perp-dex-explained/

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Canonical: https://decentralized-finance.io/token/hype/