Hyperliquid market makers pay millions for early market access
Bloomberg-cited reporting says Hyperliquid's priority auctions have earned $7.2M from market makers, 85% from two firms, fuelling front-running accusations.
Confirmed
- Hyperliquid's priority auctions have earned $7.2M from market makers
- 85% of that payment came from Wintermute and Selini
Not yet known
- Whether the arrangement is legal front-running; critics say it hurts altcoin liquidity
- Whether the 'rigged casino' criticism is fair; an analyst argues the firms follow the rules
What we know
A crypto analyst notes that market makers have paid $7.2M to see the market first on Hyperliquid, with 85% coming from Wintermute and Selini. Critics call the arrangement legal front-running that hurts altcoin liquidity, but the analyst argues terms like "rigged casino" are overblown because the firms are following the rules.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Hyperliquid's market makers have paid $7.2M to see the market first. 85% of it came from just two firms.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.