Question 1

Does the Tape terminal place trades?

Accepted Answer

No. The terminal is strictly read-only. It renders Hyperliquid's public order book, trade tape, candles and funding data. It never asks for a wallet connection, never holds keys, and cannot move funds.

Question 2

Do I need an account or wallet to use the Hyperliquid terminal?

Accepted Answer

No. There is no signup, no login and no wallet connection. Open the page and the live order book, recent fills and funding data load straight from Hyperliquid's public API.

Question 3

Where does the order book data come from?

Accepted Answer

Directly from Hyperliquid's public API. Depth, trades, candles and funding are the same on-chain state the exchange publishes, so every print can be checked against the L1.

Tape Terminal — live read-only Hyperliquid order book, trade tape and funding