A trader with an account under $200,000 on Hyperliquid earned $1.5 million by acting as a market maker.
He places limit orders for which he receives a rebate from the exchange – the maker fee is -0.0030%, meaning the platform pays him for each trade.
His total trading volume exceeded $20.6 billion, with most of the activity coming from maker positions.
At such a scale, even a small fraction of fees turns into significant profit – on average, around 3% of the trading volume.
