4 min read

Hypermon: Hyperliquid Monitoring Tool

Open Source Contributions

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Published on

19 Dec, 2024

Introduction

At Luganodes, we are always developing tools that enhance the functionality and reliability of decentralized ecosystems. As a leading validator and infrastructure provider in the blockchain space, our mission extends beyond supporting networks—we aim to empower communities through open-source innovation. Among these open-source ventures is Hypermon, a free and open-source monitoring tool designed specifically for Hyperliquid validators.

Hyperliquid is redefining decentralized trading with its high-performance Layer 1 blockchain optimized for order book-based trading. Hypermon assists Hyperliquid’s mission by providing essential monitoring capabilities for validators, ensuring the health, security, and efficiency of the network.

What is Hyperliquid?

Hyperliquid is a next-generation blockchain platform designed to deliver centralized exchange-like performance while maintaining the trust and security of decentralization. Unlike traditional decentralized exchanges (DEXs) that rely on Automated Market Makers (AMMs), Hyperliquid utilizes an order book model—a proven and scalable solution for advanced trading strategies.

Hyperliquid is built for speed, transparency, and security:

  • Blazing Speed: With block latency under one second and support for over 100,000 orders per second, Hyperliquid ensures real-time execution of trades and transactions.

  • Decentralized Order Books: Its architecture eliminates the limitations of AMMs, providing tighter spreads, higher capital efficiency, and superior user experiences.

  • Optimized Layer 1: Hyperliquid’s blockchain is purpose-built for trading, reducing fees to under $0.001 per transaction while maintaining unparalleled scalability.

At the core of this ecosystem are validators like Luganodes, which ensure the network’s security, integrity, and performance. Hypermon was developed to assist validators in maintaining these high standards, reinforcing the reliability of Hyperliquid’s trading platform.

The Role of Validators in Hyperliquid

Validators are the backbone of any decentralized network, and Hyperliquid is no exception. Validators:

  • Process Transactions: Validators confirm and record transactions, ensuring accuracy and timeliness.

  • Secure the Network: By participating in consensus, validators protect Hyperliquid from attacks and ensure decentralization.

  • Maintain Performance: High transaction throughput and low latency require validators to operate at peak efficiency.

As one of Hyperliquid’s top institutional validators, Luganodes understands the importance of robust monitoring tools. That’s why we developed Hypermon, a comprehensive solution for tracking validator performance and network health.

Introducing Hypermon

Hypermon is an all-in-one monitoring tool designed for Hyperliquid validators. Built by industry professionals, it simplifies the management of validator operations while providing crucial insights into network performance.

Key Features of Hypermon

  • Prometheus Metrics: Hypermon exposes critical metrics such as recent block production, jail status, stake levels, and network-wide statistics like total active and jailed stakes.

  • Telegram Alerts: Real-time notifications alert validators of issues such as jailed status or RPC synchronization problems, enabling quick action.

  • Customizable Configuration: Hypermon allows users to define specific parameters such as API keys, chat IDs, metrics ports, and URLs, making it adaptable to various validator setups.

Installation and Usage

Installing Hypermon is straightforward:

curl  https://raw.githubusercontent.com/Luganodes/hypermon/main/install.sh  |  sudo  bash

Once installed, you can use simple commands like hypermon start to begin monitoring with default flags or hypermon show to view network stats in a table format. Metrics are served on a configurable port, making integration with tools like Prometheus seamless.

Open-Source Collaboration

At Luganodes, we believe open-source tools are vital for fostering innovation and collaboration within the blockchain ecosystem. Hypermon is freely available on GitHub, and we encourage developers, validators, and the community to contribute. Together, we can enhance Hypermon’s capabilities to meet the evolving needs of Hyperliquid’s ecosystem.

Some of our future plans for Hypermon include:

  • Adding a TUI (Text User Interface) dashboard for real-time monitoring.

  • Expanding Telegram notification features.

  • Introducing advanced metrics, such as version tracking for node binaries.

  • Automating validator unjail actions.

Conclusion

Hyperliquid’s blockchain is setting new standards for decentralized trading, and Luganodes is proud to play a role in its success. With Hypermon, we aim to equip validators with the tools they need to maintain the network’s performance and reliability.

By contributing to Hypermon and other open-source initiatives, you can join us in shaping the future of decentralized finance. Together, we’ll ensure that platforms like Hyperliquid continue to thrive, delivering unmatched speed, security, and transparency to the world of blockchain trading.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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