Is Hyperliquid halal? It provides trading on blockchain which sounds like it could be permissible.

Our Shariah Board Chairman introduced an important fiqh distinction: "The purpose of this coin in itself is trading which provides a facility for trade on blockchain. So it cannot be called intrinsically Haram (Haram Lizatihi). However within its services there are factors and activities that are making it Haram due to external reasons (Haram Lighayrihi). From an Islamic perspective its use will remain prohibited until it eliminates these Haram Lighayrihi factors and activities." The perpetual futures trading, funding rate transfer mechanisms, and leveraged zero-sum market structure are the Haram factors. Until Hyperliquid removes these features the ruling is prohibited.