DoubleZero has launched a dedicated market data feed for Hyperliquid, providing professional trading firms with access to the decentralized exchange's complete order book over fiber infrastructure instead of through public APIs.
The feed covers Hyperliquid's native perpetual futures and markets operated by trade[XYZ], which offers perpetual contracts tied to assets including oil, gold and silver. The service was developed in collaboration with validator operators and ecosystem partners including Hyperion DeFi, MAVAN and Kinetiq.
According to DoubleZero, the service delivers a continuous, ordered stream of market data for market makers, quantitative trading firms, and proprietary trading firms requiring faster and more consistent order book updates. Previously, firms seeking complete visibility of Hyperliquid's order book had to assemble data themselves through public API responses or operate their own Hyperliquid nodes. DoubleZero noted that recent changes to Hyperliquid's public APIs have reduced the frequency and depth of available updates.
DoubleZero operates a global fiber network designed to move data quickly between blockchain network participants and other distributed systems. Hyperliquid is the third venue integrated into its Edge market-data service, following Solana and prediction market Kalshi.
Professional Infrastructure Model Takes Shape
The infrastructure development reflects how onchain markets are beginning to adopt professional trading infrastructure similar to traditional exchanges, according to Hyperion DeFi CEO Hyunsu Jung. He noted that major exchanges like CME and Nasdaq distribute professional market data over dedicated networks, enabling automated trading firms to receive consistent, ordered data streams at high speeds.
Jung explained that Hyperliquid data can now be consumed through the same basic model: publish once, distribute simultaneously over dedicated fiber.
However, significant differences persist between onchain and traditional market infrastructure. Traditional exchanges allow trading firms to place their systems close to the infrastructure processing trades, while Hyperliquid executes transactions onchain. DoubleZero's service delivers market data only and does not place or execute trades for firms.
The convergence is not Hyperliquid becoming CME, Jung said, but rather onchain markets adopting the market-data infrastructure that professional trading firms already use.
Geographic latency advantages remain unchanged. Jung noted that physical location still matters: A firm in Tokyo will still have a physical advantage over one in New York.
