Hyperliquid is a decentralized perpetual futures exchange that operates its own L1 blockchain, offering on-chain order book trading with low latency.

How does trading on a DEX differ from a centralized exchange?

On Hyperliquid, trades settle on-chain and you maintain custody of your funds through your wallet. There is no centralized entity holding your assets.

What wallet do I need to use this server?

You need an Ethereum-compatible wallet with a private key for signing transactions on Hyperliquid. Check the repository for specific wallet configuration requirements.

Hyperliquid MCP (TradingBalthazar)

Hyperliquid MCP by TradingBalthazar is an MCP server for the Hyperliquid decentralized perpetual futures exchange. It provides structured tool access for trading perpetual contracts, managing positions, and retrieving account data on Hyperliquid through the Model Context Protocol. This server targets traders who want agent-assisted workflows on one of the leading decentralized derivatives platforms.

Hyperliquid operates as an on-chain order book exchange on its own L1 blockchain, offering perpetual futures with low latency and self-custodial trading. This MCP server exposes the exchange’s functionality as typed tools, enabling agents to query market data, check open positions, place and manage orders, and monitor account state. The decentralized nature of Hyperliquid means that interactions involve on-chain transactions signed with the user’s private key.

Configuration requires providing a wallet private key for transaction signing, which makes security especially important. Store private keys securely and never expose them in plain text configurations where possible. Use Hyperliquid’s testnet environment for validation before trading with real funds. Given that this involves leveraged perpetual contracts on a decentralized exchange, apply strict risk controls including position size limits, leverage caps, and mandatory human confirmation before any trade execution.