3 Horsement Update: HYPE JUP and DRIFT (Patreon)

TLDR

JUP gunning for HYPE market - note I own both.

My Drift has nearly doubled, I am still holding... rem my thesis "DRIFT does more PERP VOL than ETHEREUM... and only trades at $150M Market Cap."

HOW JUP GUNNING FOR HYPE

HYPE does well as it is used by ballers that trade $5M or so at a throw... now JUP can compete.

Two major upgrades just went live on Jupiter Perps

1. Fees are lower

The linear price impact fee has been cut by ~60%.

2. Max position sizes have doubled

You can now take on larger positions.

Let’s break down what this means for traders

Fee reductions

Perp fees are made up of 4 parts:

• Base fee

• Linear price impact fee

• Additive price impact fee

• Borrow fee

This update slashes the linear price impact fee by ~60%.

For SOL, that translates into an overall ~22% lower total fee.

And this is only the first step, more fees will be lowered over time.

Position limits have doubled

You now have higher caps for leveraged trading:

• SOL: $10M (up from $5M)

• ETH: $20M (up from $10M)

• BTC: $20M (up from $10M)

Jupiter Perps are the most popular on Solana because they have guaranteed liquidity.

The tradeoff for this has been paying a bit more in fees.

But now we’re bringing you the best of both worlds.

Stay tuned for more fee reductions to come.