Funnel
Funnel is a HyperEVM DEX, where 100% of DEX fees for a token are redirected to secure its Hyperliquid spot orderbook listing.
Anyone can bridge their token to HyperEVM, via Funnel - permissionlessly, with 0% slippage - and LP against $HYPE on Funnel DEX to own a share of Hyperliquid orderbook fees.
LPs in these pools forgo standard DEX yield in exchange for a proportionate, perpetual share of HyperCore spot fees post-listing - rewarding the earliest supporters the most.
This is the first-ever crowdsourced path to listings - where anyone, including the founding team, can back a token’s journey to HyperCore and earn from its success.
This isn’t a slow grind anymore - it’s a slingshot to the main stage, Hyperliquid.
Upon graduating to the Hyperliquid Orderbook, the Funnel DEX pools start generating LP fees as per usual, with ALL protocol fees (16% of every tx) going towards the token’s utility (buy + burn flywheel/creator rewards), based on whether it’s a creator/community token. (see more)
Alongside this, Funnel provides a unified trading terminal for discovery, analysis, and execution - built for speed, intelligence, and confidence. It features tools like audit checkers, holder/liquidity analytics, and Bubble Maps.
Key to remember, migrating to Hyperliquid is not a cultural defection: it is analogous to routing order flow to a tier-1 exchange, rather than migrating the project itself.
Pumpfun is a great example: a major Solana protocol that now clears most of its trading volume on HyperCore while still maintaining its Solana community. Similarly, any token can harness Funnel to access Hyperliquid’s ecosystem & deep liquidity avenues while retaining its native-chain identity.