Hyperliquid Foundation is changing the way its on-chain data infrastructure can be accessed, allowing professional infrastructure providers to connect to nodes that previously had a much higher bar for entry and then offer that service to more outside teams at a uniform price, according to BlockBeats on Aug. 13.
The move is intended to lower the cost for market makers and trading firms seeking high-quality, low-latency on-chain data.
Access to fast data feeds is being opened up
Hyperliquid generates a large volume of order, trade, and position data every second. Trading systems that wanted to receive that data faster typically needed to run non-validator nodes and connect to stable upstream nodes.
Foundation nodes sit closer to the core validator network and use shorter transmission paths, making them a lower-latency data source. In the past, directly connecting to such a node usually required staking 10,000 HYPE and meeting the Tier 1 market maker threshold, which made access difficult for smaller trading teams.
Under the new arrangement, professional infrastructure providers can connect first and then sell access to external clients at a uniform price. The current reference price is below $1,000 per month, and providers are required to maintain 99.9% service availability.
Requirements for infrastructure providers
The providers are also expected to meet several operating standards:
- at least one year of operating history;
- service to at least 100 customers;
- coverage across five networks;
- no faster dedicated lines for specific market makers.
If special treatment is discovered, whistleblowers may also be eligible for a bounty.
Idle HLP funds may be deployed into lending
Separately, Hyperliquid team member Jeff said on Discord that after the next network upgrade, Hyperliquid Liquidity Provider, or HLP, will automatically move USDC not being used for market making into HyperCore’s native lending pool to earn interest.
HLP currently has total value locked of about $188.7 million. Of that, roughly $148.7 million in the main account was held in cash with no positions or open orders at the time of the snapshot, representing nearly 79% of total funds. Another roughly $40.06 million was allocated across seven sub-strategies.
Current state of the HyperCore lending pool
HyperCore’s native lending pool currently holds about $762 million in assets, with about $114 million in outstanding borrows. Within that pool, USDC supply is about $176 million and about $112 million has been borrowed, putting utilization at roughly 63.7%. The current USDC borrow APR is 5%, while the supply APR is about 2.87%.