HyperEVM DEX & the only DEX aggregator on Hyperliquid with any-to-any swaps across HyperEVM and HyperCore

1. Hypertrade Overview

Welcome to Hypertrade

Hypertrade is a native on-chain DEX (v2 + v3) and aggregator built for Hyperliquid, designed around a trader-friendly UI/UX that prioritizes speed, structure, and simplicity.

Swap tokens instantly, manage liquidity positions without leaving the pool interface, and track all activity in the built-in transaction history. Your active pools are always sorted at the top for quick access.

Alongside the DEX, Hypertrade includes a routing engine – the only aggregator on Hyperliquid with any-to-any token swaps across HyperEVM and HyperCore. No other aggregator lets you swap anything on HyperEVM to anything on HyperCore and back.

2. Getting Started

Connect Your Wallet

1. Go to ht.xyz
2. Click "Connect Wallet" and select your preferred wallet
3. Approve the connection request

Make Your First Swap

1. Select the token you want to swap from
2. Select the token you want to receive
3. Enter the amount
4. Review the quote and click "Swap"
5. Confirm the transaction in your wallet

Provide Liquidity

1. Navigate to the Pools section
2. Choose between v3 (concentrated) or v2 (full range) liquidity
3. Select a token pair and deposit amount
4. For v3: set your price range
5. Confirm and sign the transaction

3. Hypertrade DEX

Liquidity Pools

Liquidity pools are on-chain pools of tokens that traders use to swap assets without relying on traditional order books.

Users deposit pairs of tokens into a pool, and these deposits collectively create the liquidity that powers every trade.

In return, liquidity providers earn a share of the trading fees generated by the pool.

Hypertrade enables liquidity provision through two pool models, v3 and v2, giving users flexibility in how they participate in Hypertrade DEX.

Dual Liquidity Models

Hypertrade DEX supports:

• v3 pools, which allow LPs to concentrate liquidity within a chosen price range and earn fees only when the market trades inside that range
• v2 pools, which use the constant-product formula (x·y = k) and provide continuous liquidity across the full price curve

This allows LPs to choose between:

• a more efficient, targeted model (v3)
• a passive, broad-liquidity model (v2)

How Pools Work

v3 Pools

Mechanics:

Liquidity is not spread across the whole curve. Instead, providers choose specific price ranges defined by ticks (discrete price intervals).

The pool's current tick reflects the current price. Only liquidity assigned to the active tick range participates in swaps and earns fees.

After each swap or liquidity change:

• token reserves adjust
• the active tick may shift
• fees are calculated and recorded for relevant positions

LP Behavior:

Each position stores a lower tick, upper tick, and liquidity amount, defining the exact price interval where it is active.

Fees accrue only when the market price stays inside the selected range. When active, the provider earns a larger share of fees relative to the capital committed.

When the price exits the range, fee accrual stops until the price re-enters it. The position remains safe but becomes inactive.

This model offers higher potential returns per unit of capital but requires range selection and occasional position management.

Benefits:

• Lower slippage for traders due to deeper liquidity near the active price
• Tighter spreads because capital is concentrated where trades actually happen
• Higher capital efficiency for LPs who manage their ranges effectively

v2 Pools

Mechanics:

The v2 model follows the classic constant-product AMM design.

Each pool holds two assets. All pricing and swaps are determined by the relative balances of these two reserves.

The pool maintains the invariant x * y = k. Swaps change the reserves, and the price adjusts automatically to keep the product constant.

Every trade adds a fixed 0.30% fee directly into the pool. As liquidity grows, LP token value increases because fees accumulate inside the reserves.

LP Behavior:

Liquidity is distributed evenly across the entire price curve. Users receive LP tokens that represent their proportional share of the pool. As the pool grows from trading fees, the value of these LP tokens increases.

Fees accumulate passively: every swap routed through the pool generates fees, which are distributed to all LPs according to their share.

Liquidity is always active. Because it is spread across the full price range, the position participates in all trades regardless of the current market price.

This model suits users who prefer passive, set-and-forget liquidity with no need to manage price ranges.

Summary

• v3 provides targeted, efficient liquidity concentrated around chosen price ranges.
• v2 provides continuous, passive liquidity across the entire curve.

Both operate fully on-chain and permissionlessly inside Hypertrade DEX, allowing users to participate without intermediaries.

DEX Fees

V3 Pools

When a new V3 pool is created, the pool creator selects a fee tier (0.01%, 0.05%, 0.10%, 0.20%, 0.30%). This fee tier becomes the total swap fee paid by traders for every swap in that pool.

Fee distribution:

• Liquidity Providers (LPs): 86% of the selected fee tier
• Protocol / Treasury: 14% of the selected fee tier

Example – 0.30% fee tier:

• LPs receive 0.258% of the traded amount
• Protocol receives 0.042% of the traded amount
• The trader pays 0.30% total

Key points:

• The pool creator, not a central authority, chooses the fee tier.
• A 14% protocol fee share is always active on Hypertrade-integrated V3 pools.
• LPs always receive the majority (86%) of whatever fee tier is chosen.

V2 Pools

All V2 pools operate with a fixed base fee of 0.30% per swap.

Fee distribution:

• LPs receive 5/6 of the fee
• Protocol (feeTo) receives 1/6 of the fee

In percentage terms:

• Total fee paid by the trader: 0.30%
• Protocol share: 0.30% × (1/6) = 0.05%
• LP share: 0.30% × (5/6) = 0.25%

Security

Hypertrade is fully non-custodial and permissionless. Users interact directly with the protocol's smart contracts, and no third party ever takes custody of their assets. All swaps, liquidity deposits, and withdrawals happen entirely on-chain, following deterministic rules encoded in the AMM.

Core security principles:

Immutable AMM logic - The core smart-contract logic cannot be altered after deployment, ensuring predictable and verifiable behavior.

Transparent reserves - All token balances inside pools are visible on-chain at all times. Anyone can independently verify liquidity, fees, and swap outcomes.

No privileged execution paths - There are no admin keys or special accounts that can alter pricing, move user funds, or bypass normal pool logic.

Continuous auditing of smart contracts - Smart contracts are subject to ongoing review and external audits to detect and minimize potential vulnerabilities.

Result: Users always retain full control over their assets, interacting directly with verifiable, permissionless smart contracts rather than intermediaries.

Contracts

V3:

V2:

Audits

Security audit is currently in progress by Bailsec

This section will be updated with the full audit report upon completion.

4. Hypertrade Aggregator

Hypertrade R1 Overview

Hypertrade R1 Aggregator is the leading DEX aggregator on Hyperliquid with full support for HyperCore and HyperEVM routing. It is the only aggregator that lets you swap any token on HyperEVM to any token on HyperCore and back. R1 uses our internal simulation engine to evaluate routes and secure the best executable rate across all liquidity sources.

R1 optimizes each trade by scanning every available DEX on HyperEVM as well as HyperCore Spot. The router evaluates Hypertrade DEX liquidity alongside all other venues and splits orders across multiple exchanges (multi-market) and multiple intermediate tokens (multi-hop) to secure the best available execution.

Hypertrade R1 currently supports the widest set of liquidity sources on Hyperliquid:

• HyperCore Spot (the only aggregator that builds routes through it)
• Hypertrade DEX (v2, v3)
• Hyperswap (v2, v3)
• ProjectX
• Valantis
• Hybra (v2, v3)
• Kittenswap (v2, v3)
• Ramses (v3)
• Curve Finance
• Laminar
• Gliquid
• HyperCat
• UltraSolid

API

The Hypertrade Aggregator API provides a unified interface for accessing Hypertrade R1 routing, quote simulation, and transaction construction. It is designed for integrations that require the best execution across all available liquidity sources on Hyperliquid.

The Aggregator API operates in two modes:

• EVM Hyper API
• EVM+CORE Hyper API

Both modes use our internal simulation engine for accurate route evaluation.

Aggregator API Overview

The Aggregator API computes the most efficient routing path for every swap by evaluating all available liquidity sources.

It scans:

• Hypertrade DEX pools (both v2 and v3)
• External HyperEVM DEXs
• HyperCore Spot liquidity

The API performs a full set of calculations required for optimal execution:

Quote simulations: Estimates output amounts across different liquidity sources and routes.

Slippage and price impact evaluation: Determines how trade size and pool depth affect execution quality.

Raw transaction construction: Builds the final transaction payload that can be submitted on-chain for execution.

The routing logic is fully deterministic and transparent — the same inputs always produce the same route, and every step of the calculation can be inspected and verified.

When to Use EVM Hyper API

Use the EVM Hyper API when your integration operates exclusively inside HyperEVM.

In this mode, the API:

• aggregates liquidity across supported HyperEVM DEXs
• simulates quotes and evaluates slippage
• computes final output amounts and price impact
• constructs executable transaction payloads
• handles token approval flows
• provides ready-to-use integration templates

Routing is strictly contained within HyperEVM, making this mode suitable for applications that do not require cross-environment swaps.

When to Use EVM+CORE Hyper API

Use the EVM+CORE Hyper API when you need to route swaps between HyperEVM and HyperCore.

This mode includes all EVM API capabilities, plus:

• routing between HyperEVM ↔ HyperCore
• paths that may start and end in different environments
• optional hybrid sequences such as:

- HyperEVM → HyperCore → HyperEVM

- HyperCore → HyperEVM → HyperCore

• access to HyperCore Spot liquidity for improved execution quality

Hybrid routing can be enabled or disabled via configuration parameters, depending on integration requirements.

Implementation Details

Aggregator API endpoints provide:

• quote simulation
• price impact metrics
• multi-hop and multi-market route breakdown
• raw transaction construction
• routing mode configuration

For more implementation details, refer to the API Documentation or Integration Guide.

API Documentation

Use this API to integrate Hypertrade R1 on HyperEVM.

Router Contract Address: 0xe4609ab5f4c268c42ba470fbcbb9b9abf895f1a5

Find route

POST /simulation

Finds the optimal routing path for swap execution and simulates the complete route. Returns the full routing path, expected output amount for the user, and the raw transaction data.

Request Body:

{
"inputAmount": "1",
"slippage": 0.3,
"userAddress": "0x...",
"inputTokenAddress": "0x...",
"outputTokenAddress": "0x...",
"feeAddress": "0x...",
"recipientAddress": "0x...",
"feeBps": 100
}

Parameters:

5. Points

The Hypertrade Points Program rewards active community members who contribute to the ecosystem.

How to Earn Points

You earn points by engaging with the protocol:

• Providing Liquidity: Add liquidity to V2 or V3 pools
• Trading: Swap through Hypertrade DEX or Aggregator
• Incentivizing: Create incentives for pools to reward other LPs
• Referring: Refer new users and earn a percentage of the points they generate

Distribution

Points are calculated automatically and updated regularly based on your activity.

Boosts & Multipliers

Certain activities may receive boosted points. Boosts are dynamic and may vary based on protocol needs.

Fair Distribution

Hypertrade employs Sybil detection to ensure points go to genuine users. Addresses engaging in farming abuse may be disqualified.

Points = Tokens

Unlike programs that inflate point totals, our points are designed to approximate the number of tokens you will receive. If you earn 1,000 points, expect a token allocation close to that number.

No Daily Caps

Your points are limited only by your genuine activity, not arbitrary limits. Every user has an equal opportunity to earn based on participation.

6. Referral Program

How do I refer someone to Hypertrade?

Go to ht.xyz/referrals to create your handle and get your referral link. Share it with friends — anyone who joins through your link will be recorded as your referral.

You earn a percentage of the points generated by your referrals.

How do I use a referral handle?

Enter a handle at ht.xyz/referrals or use a friend's referral link directly.

7. Risks

Smart Contract Risk

While Hypertrade smart contracts are designed with security in mind and undergo audits, no smart contract can be guaranteed to be completely free of vulnerabilities. Users should only deposit funds they can afford to lose.

Impermanent Loss

Liquidity providers are exposed to impermanent loss when the price ratio of deposited tokens changes compared to when they were deposited. This is especially relevant for v3 concentrated liquidity positions with narrow price ranges.

Slippage Risk

Large trades relative to pool liquidity may experience significant slippage. Always check the expected output amount and price impact before confirming a swap.

Market Risk

Token prices can be volatile. The value of your assets may decrease significantly in a short period of time.

8. Official Links

Hypertrade

Website: https://ht.xyz

Twitter: https://x.com/HypertradeX