Funnel

Funnel provides a permissionless, end-to-end path for tokens from any chain to list on Hyperliquid Spot and retain a permanent share of spot orderbook fees.

Today, most spot markets are gated by centralized listing processes where exchanges capture all orderbook revenue. Funnel opens this infrastructure - allowing teams to access Hyperliquid’s deep liquidity while retaining orderbook fees from the markets they deploy.

Using Funnel, teams and communities can:

• Secure a ticker on Hyperliquid
• Deploy a native spot market
• Make the asset tradable across all Hyperliquid frontends

Once live, assets trade not only on Hyperliquid’s primary interface, but also on Funnel’s HyperCore Spot Terminal and other builder-code applications consuming the same orderbook.

Listing through Funnel creates long-term alignment between assets and their trading venue.

Teams retain a perpetual share of spot orderbook fees, while gaining immediate access to Hyperliquid’s broader ecosystem - including market makers, lending markets, vaults, and other native capital venues - without custom integrations or off-chain negotiations.

Funnel handles the operational complexity of deployment and activation, allowing teams to focus on building their ecosystem rather than managing market infrastructure.

Complementing this, Funnel’s Terminal provides an institution-grade execution environment, featuring smart order routing, advanced analytics, and cross-ecosystem visibility across HyperCore and HyperEVM.

The goal is simple: Give tokens a direct, accelerated path onto Hyperliquid - while rewarding the participants who help bring those markets to life.