According to @KookCapitalLLC, Hyperliquid's trading fees have reached an annualized rate of $1.15 billion, indicating massive user activity and strong revenue generation for the platform. This significant fee growth suggests increased trading volumes in derivatives markets, which could impact liquidity and pricing on BTC, ETH, and other crypto assets. Traders should monitor fee structures as high costs can affect net returns, especially for frequent trading strategies (Source: KookCapitalLLC on Twitter, June 12, 2025).

According to Flood (@ThinkingUSD) on Twitter, rumors suggest that Hyperliquid's upcoming season points program may introduce negative trading fees, making it significantly more cost-effective compared to other exchanges where trading fees could increase in relative terms. For active traders, this potential shift means executing trades on Hyperliquid could not only eliminate fees but potentially provide rebates, directly impacting trading profitability and exchange selection. These developments underscore the importance of monitoring Hyperliquid’s official announcements for fee structure updates and considering the competitive edge this may offer for high-frequency and volume traders (Source: @ThinkingUSD, Twitter, April 28, 2025).