Weekly Update

Product & Tech
+ Gossip and order priority fees are now live on mainnet. See https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/priority-fees for details. Note that the maximum order priority fee was reduced from 20 bps to 8 bps based on user feedback. Order priority fees currently only apply to IOC orders on HIP-3 assets.

Trading
+ The vault creation gas fee increased from 100 USDC to 10k USDC. This is meant to gradually deprecate legacy HyperCore vaults, which have been feature frozen for ~2 years. Vaults can be tokenized in a more configurable way as smart contracts on the HyperEVM using precompiles and CoreWriter.

New Teams on the HyperEVM & HyperCore (in no particular order)
+ USDH launched zero-fee and zero-slippage fiat on and offramp: https://x.com/nativemarkets/status/2041901395566030923
+ Hyperbeat launched their full liquid banking product: https://x.com/hyperbeat/status/2041878671179321849
+ Azura integrated Hyperliquid via builder codes: https://x.com/AzuraTrade/status/2042301690125435200

Community Highlights
+ Colossus magazine published a profile on Jeff and Hyperliquid. A big thank you to Dom Cooke for telling this story: https://colossus.com/article/beyond-the-sky-jeffrey-yan-hyperliquid/
+ Shaunda shared a dashboard to track Trade[XYZ] off-hours data: https://x.com/shaundadevens/status/2042956575564833007
+ Hyperliquid IDN is hosting an event in Jakarta on April 23: https://x.com/hyperliquid_idn/status/2032587275620724895
+ HypurrCo shared the latest info on regional chapters: https://x.com/hypurr_co/status/2042793135751991316