Hyperliquid Cuts Trading Fees by 80% Ahead of Native Stablecoin Launch

Decentralized perpetual futures exchange Hyperliquid is slashing spot trading fees by 80% as it prepares to launch its first native stablecoin, USDH. The move aims to boost liquidity and strengthen its position in the decentralized finance (DeFi) derivatives market.

The fee reduction applies to taker fees, Maker rebates, and user volume contributions for spot pairs between two quote assets. USDH will be allocated through a validator vote, with teams required to submit proposals for issuance.

Designed as a "Hyperliquid-first" compliant stablecoin, USDH will integrate across the platform's ecosystem, including perpetuals, spot markets, and staking. The exchange views stablecoins as critical infrastructure for layer-1 networks, with USDH expected to serve as a settlement LAYER that could expand total value locked across DeFi applications.