Hyperliquid Tests Priority Fees Using HYPE for Faster Trade Execution

The testnet update lets traders bid in HYPE for faster execution, with fees burned and taken from undelegated staking balances.

HYPE

Summary

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Terms & Concepts
  • Testnet: A blockchain testing environment used to trial upgrades or features before deployment on a live network.
  • Priority fees: Extra transaction fees paid to improve processing speed or execution priority on a blockchain or trading network.
  • Staking: Locking crypto to support network operations or earn rewards, depending on the protocol design.