How does trading on the bonding curve work?

Buys and sells trade directly against the curve with a 1% fee. Price moves deterministically with supply — no order book, no presale, no team allocation.

How does a coin graduate to the DEX?

When the curve reaches its fixed raise target, curve trading closes and the coin graduates automatically: the raised HYPE plus remaining supply seed a locked 1% DEX pool.

Is the liquidity really locked?

Yes. The LP position is held by an immutable locker contract that can only collect trading fees — it has no function to withdraw the liquidity itself.

Protocol

How it works

Q: How do I launch a memecoin on Hyperliquid?

Create a coin on hyper.meme: name it, pick a ticker and image, hit create. One transaction mints a fixed 1,000,000,000 supply onto a fair bonding curve on HyperEVM.

HyperMeme is the Hyperliquid launchpad — the HyperEVM launchpad where memecoins launch on a fair bonding curve and graduate to the DEX with liquidity locked forever.

Lifecycle

Create a coin

Name it, pick a ticker and image, hit create. One transaction mints a fixed 1,000,000,000 supply onto a bonding curve.

Trade on the curve

Buy and sell against a deterministic x·y=k curve priced in HYPE. Every buy moves the price up, every sell moves it down — no order book, no market makers. Every buy and every sell pays a 1% fee in HYPE.

Graduate to the DEX

When the curve hits its raise target (118 HYPE), the remaining tokens plus the raised HYPE seed a locked 1% pool on HyperSwap. The curve closes and the coin trades freely on the DEX — the 1% fee applies there too.

The bonding curve

Price rises along a fixed x·y=k curve as supply is bought. The curve closes when it hits the graduation target and seeds the DEX pool.

The numbers

Total supply

1,000,000,000

Sold on the curve

793,100,000

Seeds the DEX

206,900,000

Trade fee

1% on every buy and sell, in HYPE

Launch fee

0.05 HYPE

Graduation raise

118 HYPE

Graduation fee

0.1 HYPE

Why locked liquidity matters

At graduation the liquidity that seeds the DEX pool is locked forever in an immutable locker contract, so it can never be pulled — there's no rug vector on the pool itself. The locked position still earns the pool's 1% swap fee on every trade of a graduated coin, anywhere on-chain. That fee is split: a market-cap-scaled share to the coin's creator (see Creator rewards), the rest to the protocol.

Creator rewards

Launch a coin and you earn a share of every trade after graduation. The higher your coin's market cap climbs, the bigger your cut, up to 0.25% of every trade. Rewards are paid out of the locked pool's LP fees in HYPE, claimable anytime from your portfolio.

Market cap under $250k

Market cap $250k

0.1%

Market cap $2.5M

0.125%

Market cap $5M

0.15%

Market cap $10M

0.175%

Market cap $25M

0.2%

Market cap $50M

0.225%

Market cap $100M+

0.25%

Points

Every wallet earns HYPERMEME POINTS for real on-chain activity. The score comes purely from verified volume and launches. There is one unified points system and one unified leaderboard — one board for everyone.

Trade

per 1 HYPE of volume you trade

10 pts

Graduation

each coin you launch that graduates

+50 pts

Referral

of the points people you refer actually earn

10%

Points come only from real, verified activity — trading your own coin can't double-count, and referrals only pay from what your referees actually earn.

Listings on Hyperliquid (HyperEVM coins)

Every HyperEVM coin is built to go further than the HyperMeme (HyperSwap) DEX. Baked into each coin is the ability to list on HyperCore — Hyperliquid's native spot exchange (the Hyperliquid main exchange, app.hyperliquid.xyz) — as the same token, trading next to majors and bridgeable back and forth between HyperMeme and Hyperliquid.

Open to anyone. Listing runs on Hyperliquid's permissionless token deployment — any graduated coin can be taken through the process (secure a ticker, seed the market, request the link), which HyperMeme finalizes as an anti-mis-linking safeguard, to go live on HyperCore.

The listing process costs ~500 HYPE plus liquidity provision for the order book. Recognising that this is a significant cost, for top HyperMeme projects with real, active communities we provide discretionary listings funded by the HyperMeme treasury — we cover the cost and run the process, so your community's coin lands on Hyperliquid easily.

Why it matters

Real liquidity. An order book on Hyperliquid can draw professional market makers and far deeper, tighter markets than a bonding curve ever could — the same structure the majors trade on. And because it's the same token, the two venues share liquidity through arbitrage.

A bigger audience. Your coin sits next to the majors in front of one of the largest active trader bases in crypto — exposure a launchpad alone can't reach.

Pathway to perpetual futures (perps). Once a coin is listed on Hyperliquid spot, a futures listing becomes far more accessible — bringing more attention to the coin and attracting deeper liquidity.

Project legitimacy. Going from a launchpad coin to a natively listed Hyperliquid spot asset is the strongest credibility signal there is — and it opens further pathways to other liquid venues, like major CEXs.

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