Hyperliquid Announces New Fee System and Staking Tiers
Hyperliquid, a leading decentralized derivatives exchange and layer 1 blockchain, has announced plans to implement significant changes to its fee system, set to take effect on or after April 30, 2025. The overhaul includes the introduction of staking tiers for its native HYPE token, offering users the opportunity to reduce transaction fees by up to 40%.
Staking Tiers and Fee Discounts
Under the new structure, users who stake HYPE tokens will benefit from reduced trading fees, with discounts reaching as high as 40%. The specific discount rates will be determined by the amount of HYPE staked, incentivizing greater participation in the staking program. This initiative aims to enhance the utility of the HYPE token while simultaneously increasing protocol revenue.
In addition to staking incentives, Hyperliquid will implement separate fee schedules for its spot and perpetual futures (perps) markets. Notably, spot trading volume will count double when calculating a user’s fee tier, a measure designed to improve the fairness of fee assessments. This means that the combined 14-day weighted volume will be calculated as:
(14d weighted volume) = (14d perps volume) + 2 × (14d spot volume)
The Advantages of Hyperliquid’s Fee (Source: Luganodes)
The forthcoming adjustments will also see changes to the base rates for both taker and maker fees. The contract (perps) taker fee will increase from 0.035% to 0.045%, while the spot taker fee will double from 0.035% to 0.07%. Despite these increases, Hyperliquid emphasizes that, even without staking discounts, fees for both perps and spot trading will remain lower than those of many centralized exchanges for most users.
Background on HYPE Token and Staking
The HYPE token was launched on November 29, 2024, with an initial airdrop distributing 310 million tokens (31% of the total supply) to nearly 100,000 users. Since its debut, the token’s value has surged, reflecting the platform’s growing adoption. In December 2024, Hyperliquid introduced native staking for HYPE holders, allowing them to delegate tokens to validators and earn rewards while securing the network. At launch, over $300 million worth of HYPE tokens were staked, underscoring strong community engagement.
Hyperliquid (HYPE) (Source: Flipster Blog)
Looking Ahead
These updates are scheduled to go live on or after April 30, 2025, providing users ample time to adjust to the new system. Hyperliquid encourages its community to review the detailed documentation available on their official Gitbook to fully understand the upcoming changes and optimize their trading strategies accordingly.
By introducing staking tiers and revising its fee structure, Hyperliquid aims to enhance the practicality of the HYPE token, promote greater user participation, and maintain its competitive edge in the decentralized exchange landscape.
