Hyperliquid tackles Miner/Maximal Extractable Value by treating takers symmetrically and deprioritising toxic flow. This reduces the incentive for market makers to widen spreads, protecting retail traders. The approach may lower raw volume but improves overall market quality.
Hyperliquid deliberately prioritizes order cancellations over new taker orders, a design choice that reduces toxic high-frequency activity while preserving price discovery for genuine traders.