DoubleZero Launches Dedicated Fiber Market Data Feed for Hyperliquid Traders
DoubleZero has introduced a dedicated market data feed for Hyperliquid, enabling professional trading firms to access the decentralized exchange’s full order book via a fiber network rather than public APIs. The service provides a continuous, ordered stream of market data essential for market makers, quantitative and proprietary trading firms requiring faster and more reliable order book updates.
Dedicated Data Feed for Hyperliquid
DoubleZero has introduced a dedicated market data feed specifically for the decentralized exchange Hyperliquid. This allows professional trading firms to access the full order book over a high-speed fiber network rather than relying on public APIs. The feed includes Hyperliquid’s native perpetual futures as well as markets operated by trade[XYZ], which uses Hyperliquid’s infrastructure to provide perpetual contracts on assets such as oil, gold, and silver.
The development involved collaboration with validator operators and ecosystem partners including Hyperion DeFi, MAVAN, and Kinetiq. The new service targets market makers, quantitative trading firms, and proprietary trading firms who require faster and more reliable market data updates.
Challenges with Public API Access
Previously, firms seeking comprehensive views of Hyperliquid’s order book had to aggregate data themselves through public API responses or run their own Hyperliquid nodes. However, recent changes to the public APIs have reduced both the frequency and depth of available updates.
DoubleZero’s solution provides a continuous and ordered data stream, crucial for professionals who depend on dependable and rapid information flow when making trading decisions.
DoubleZero’s Global Fiber Network
DoubleZero operates a global fiber network designed to rapidly transmit data among participants in blockchain networks and other distributed systems. Hyperliquid is the third venue accessible through DoubleZero’s Edge market-data service, following Solana and the prediction market Kalshi.
This development reflects a trend of onchain markets evolving toward infrastructure resembling that of traditional electronic exchanges.
Market Data Infrastructure and Onchain Markets Convergence
Hyunsu Jung, CEO of Hyperion DeFi, emphasized that Hyperliquid’s market data infrastructure is beginning to resemble the dedicated networks used by traditional exchanges such as CME and Nasdaq, which distribute professional-grade market data to automated trading firms at high speed.
This enables the reception of a consistent, ordered real-time data stream. However, key differences persist: traditional exchanges allow trading firms to colocate their systems near the trade processing infrastructure, while Hyperliquid executes trades directly onchain.
DoubleZero’s service delivers market data exclusively and does not facilitate order placement or execution. Jung pointed out that this is not about Hyperliquid becoming a CME, but rather about onchain markets adopting market data models already in use by professional trading firms.
Physical latency advantages remain, meaning that a firm located in Tokyo will still have an advantage over one based in New York.
Why it matters
DoubleZero’s launch of a dedicated market data feed for Hyperliquid marks a significant step in the maturation of onchain trading and infrastructure toward standards typical of traditional electronic exchanges. The service addresses limitations of public APIs by providing professional traders with fast, ordered access to a full order book, essential for sophisticated trading strategies and market making. This convergence of market data infrastructure shows that onchain ecosystems are adopting professional trading models while preserving key decentralization aspects. It is crucial for enhancing market liquidity and efficiency, as well as attracting institutional participants.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗