Hyperliquid Fee Discounts Now Available on Open Market

A new market has been launched for Hyperliquid trading fee discounts, allowing any trader to buy lower fees without purchasing the native token HYPE. This development is made possible through an integration between Valantis and Pendle, which splits the discount from the underlying stHYPE.

The Hyperliquid exchange charges a fee on every trade, but traders can access lower fees by staking its native token HYPE. The more HYPE a trader stakes, the bigger the discount, with a maximum of 40% off for those who stake 500,000 HYPE (about $40 million).

The new market is open to any trader and allows them to buy a Hyperliquid trading fee discount without buying the underlying token. This has been estimated to save traders between $100M, $300M per year if the discount were more accessible.