A trader with an account of less than $200,000 on the Hyperliquid exchange earned $1.5 million by acting as a market maker. He places limit orders for which he receives a reward from the exchange - the commission for makers is -0.0030%, that is, the platform pays extra for each transaction.
His total trading volume amounted to more than $20.6 billion, with most of the activity coming from maker positions. With such a turnover, even a small share of the commission turns into a significant profit - on average about 3% of the transaction volume.
