2025-12-07 23:20:56

Some market makers are pushing Hyperliquid to cut trading fees, claiming they're losing ground to competitors. But here's the thing—do they even understand what Hyperliquid is built on? The entire economic model revolves around fee generation that powers token buybacks and ecosystem sustainability.

The crypto space doesn't follow traditional finance rules. Hyperliquid isn't going anywhere, but thinking they'll maintain dominance forever? That's questionable. Platforms like Lighter are positioning themselves differently, and the leadership race in perpetuals is far from over.

Lowering fees might grab short-term volume, but at what cost to the protocol's long-term value proposition? Sometimes the market leaders who chase every competitor end up diluting what made them special in the first place.

HYPE1,1%

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DAOdreamer

· 2025-12-10 22:34

Lowering fees is like drinking poison to quench thirst. Hyperliquid, don't follow the trend. Surely someone has the buyback logic flowing through their veins, or how else could they persist? Lighter is indeed digging a pit, but that doesn't mean they should give up their skills. Short-term trading volume and long-term moat—it's a matter of choosing between fish and bear's paw. Following the trend of lowering fees will ultimately lead to mediocrity. Don't believe it? Just look at history.

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FUDwatcher

· 2025-12-10 10:50

Can the trick of lowering fees really save Hyperliquid? I don't believe it. --- The market always wants cheap prices... but in the end, it destroys itself. --- Can Lighter really threaten HL? That's exaggerated, haha. --- Short-term volume boost but long-term losses, this deal isn't profitable. --- The fee model is HL's moat; anyone who tries to change it is foolish. --- The perpetual trading race hasn't been decided yet; it's too early to draw conclusions. --- Not many platforms chasing competitors end up with a good outcome.

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fren.eth

· 2025-12-10 07:13

The volume kings really don't understand the economic model, just thinking about the bottom-buying rate

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BTCBeliefStation

· 2025-12-07 23:51

The fee war tactic has been overused in the crypto space—short-term bloodsucking, long-term bleeding.

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ForkYouPayMe

· 2025-12-07 23:50

The fee structure is exactly Hyperliquid's moat, it's a matter of understanding or not. --- Lighter is indeed poaching, but lowering fees is really a move that hurts both the enemy and yourself. --- Always maintain the top spot? Wake up, haha. --- Chasing after competitors will only make you lose your own competitiveness in the end. --- Imitators are always imitators, crypto people should understand this. --- Grabbing volume in the short term but losing the ecosystem in the long run, is it really worth it, everyone? --- Mainstream status doesn't mean you'll never decline, it's terrifying to think about. --- Committing suicide just for market share, some teams really can't figure out this logic.

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MetaMaximalist

· 2025-12-07 23:49

honestly the "cut fees" narrative is so tired... these mms don't grasp protocol economics at all. hyperliquid's entire design thesis hinges on sustainable fee structures—you can't just chase volume and expect the same tokenomics to hold. it's basic network effect theory

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JustHereForAirdrops

· 2025-12-07 23:42

Cutting fees? Get ready to be diluted, haha. --- Lighter is here to shake things up, eternal dominance is out of the question. --- Short-term spike, long-term loss of users—this trick is old now. --- People who understand economic models would never think this way. --- Following the trend of lowering fees just kills yourself in the end, seen it too many times.

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DancingCandles

· 2025-12-07 23:36

A price war won't secure the future. Does Hyperliquid even understand what a moat is?

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