Hyperliquid as an API: On-Chain Perps, Compressed Funding, and an Agent Trade at $62K Bitcoin
Hyperliquid isn't just an on-chain perp DEX — it's a Central Limit Order Book running on its own L1, with a transparent liquidation vault that replaces the CEX insurance fund. Here's how funding, liquidations, and HLP actually work inside the current $62K range, and what an autonomous agent can realistically do with the on-chain state.