Is hyperliquid a dex?

Excuse me, but could you clarify if hyperliquid is indeed classified as a decentralized exchange, or DEX, in the realm of cryptocurrency? I'm seeking a definitive answer to better understand its functionality and position within the broader cryptocurrency ecosystem. Is it a platform that facilitates peer-to-peer trading of digital assets without relying on a central authority or intermediary, akin to other DEXs? Your insight would be greatly appreciated.