Funnel

What is Funnel?

Funnel Markets is a listing engine and DEX built on Hyperliquid’s HyperEVM that enables trading and liquidity provision for assets like memecoins and stablecoins. The platform helps tokens build liquidity and volume before progressing to HyperCore listings. Users can trade cross-chain assets (like Solana to HyperEVM) with 0% slippage and provide liquidity in support pools.

The key differentiator is Funnel’s fee structure: 100% of trading fees go directly to liquidity providers with no protocol cut. Funnel launched on HyperEVM in November 2025 and currently operates without a native token, though it runs an active FUN Points rewards program.