Hyperliquid has emerged as a leading platform in the crypto space, renowned for its maker-friendly perpetual and L1 order book design. The platform's innovative approach integrates transaction type recognition into its consensus mechanism, prioritizing cancel and post-only orders over GTC and IOC orders. This ensures that market makers can withdraw their orders first during periods of volatility, preventing high-frequency traders from exploiting outdated quotes. This strategic design reduces toxic order flow and enhances liquidity quality, benefiting retail traders by providing a more stable trading environment. Hyperliquid's unique order book structure makes it a formidable competitor, difficult to replace despite the emergence of new platforms in the market.