Study: Retail traders pay 80% of Hyperliquid fees despite 41% of volume
- —Retail traders generated 41% of volume but paid 80% of fees, over $725 million
- —Algorithmic traders with 57% of volume paid only 12% of fees
- —85% of retail volume was taker orders versus 20% for market makers
- —Retail bears higher fees and funding rates, eroding returns
Why it matters: The study shows Hyperliquid's fee structure shifts costs onto retail, potentially deterring individual traders from perpetual DEXs.
Source: Siam Blockchain