DoubleZero launches fiber market data feed for Hyperliquid traders

DoubleZero opens a fiber data feed for Hyperliquid

DoubleZero has launched a dedicated market data feed for Hyperliquid, a trading platform that runs on blockchain software rather than a single company's servers. The feed gives professional trading firms the exchange's full order book over fiber cables instead of through public APIs.

An order book is the list of open buy and sell orders for a market. Fiber cables carry data as pulses of light and are often used when speed and steady delivery matter.

The feed covers Hyperliquid's native perpetual futures and markets operated by trade[XYZ], which uses Hyperliquid's infrastructure to offer perpetual contracts tied to assets including oil, gold and silver. Perpetual futures are contracts that follow an asset's price without an expiry date.

Who the feed is built for and what it carries

• The feed includes Hyperliquid's native perpetual futures and the markets run by trade[XYZ].
• It was developed with validator operators and ecosystem partners including Hyperion DeFi, MAVAN and Kinetiq.
• It is aimed at market makers, quantitative trading firms and proprietary trading firms that need faster and more consistent order book updates.
• DoubleZero says the service delivers a continuous, ordered stream of market data.

How firms gathered Hyperliquid data before

Previously, firms that wanted a complete view of Hyperliquid's order book had to assemble the data themselves from public API responses or run their own Hyperliquid nodes. An API is a set of instructions that lets one piece of software request data from another.

DoubleZero said changes to Hyperliquid's public APIs have reduced how often updates are available and how much depth they include. That statement comes from DoubleZero and is presented as its own explanation for why the service is needed.

Where Hyperliquid fits in DoubleZero's network

DoubleZero runs a global fiber network designed to move data quickly between participants in blockchain networks and other distributed systems. Hyperliquid is the third venue available through its Edge market-data service, after Solana and the prediction market Kalshi.

Hyperion DeFi's CEO compares the setup with traditional exchanges

Hyunsu Jung, CEO of Hyperion DeFi, told Cointelegraph that Hyperliquid's market data infrastructure is starting to look like what traditional electronic exchanges use, as professional trading moves onchain. He said CME, Nasdaq and other major exchanges distribute professional market data over dedicated networks, which lets automated trading firms receive a consistent stream of ordered data at high speeds.

"Hyperliquid data can now be consumed through the same basic model: publish once, distribute simultaneously over dedicated fiber," he said.

Jung said major differences remain. Traditional exchanges let trading firms place their systems close to the infrastructure that processes trades, while Hyperliquid executes trades onchain. DoubleZero's service only delivers market data and does not place or execute trades for firms.

"So the convergence is not Hyperliquid becoming CME," Jung said. "It is onchain markets adopting the market-data infrastructure that professional trading firms already use." He added that the service "does not eliminate latency differences," noting that a firm in Tokyo will still have a physical advantage over one in New York.

What is confirmed

• DoubleZero launched the dedicated fiber market data feed for Hyperliquid, covering the venues described above.
• DoubleZero operates the global fiber network and the Edge market-data service, with Hyperliquid as the third venue after Solana and Kalshi.
• The service provides market data only. It does not place or execute trades.

What the source does not answer

The material does not say when the feed became available, what it costs, or how many firms are using it. DoubleZero's statement that public API changes reduced update frequency and depth is its own claim and is not independently confirmed in the supplied material.

Why this matters for onchain trading

Professional trading firms often want a steady, ordered stream of order book data, the way traditional exchanges distribute it. DoubleZero's feed is an attempt to offer that for a market that settles trades onchain. Jung's comments suggest the gap is narrowing in how data is delivered, but not in the physical distance between a firm and the infrastructure that processes trades.

Sources

• Cointelegraph