- Aster unveils Machi mode rewarding traders for every recorded liquidation event.
- Machi Big Brother leads liquidation rankings with seventy one confirmed losses.
- Hyperliquid introduces growth mode delivering sharply reduced fees for new markets.
Growing fascination with high-risk trading has shaped a new direction across several crypto communities. Many traders now celebrate liquidation events as part of a culture that treats extreme losses as entertainment. This trend continues to influence platform updates as exchanges look for ways to tap into that energy.
According to Aster, its new Machi mode will launch next week and reward traders with points when their positions get liquidated. The exchange announced the feature on X and dedicated it to Machi Big Brother, a Taiwanese American investor known for heavy leverage and frequent liquidations. Aster stated that users will collect liquidation points each time their positions are wiped out.
Reactions on X reflected the humorous side of the crypto space as users welcomed the idea. Some traders said the feature matches the culture that embraces high-risk decisions. Others pointed out that crypto continues to turn painful losses into a source of community bonding.
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Liquidation figures show Machi Big Brother dominating the leaderboard
Aster also emphasized the influence of Machi Big Brother on this new feature. Lookonchain data shows he recorded 71 liquidations since early November. His figure places him far ahead of James Wynn, with 26 liquidations, and Andrew Tate, with 19 liquidations. This ranking has grown into a recurring joke among traders who often treat extreme risk as a competitive sport.
Moreover, earlier incidents across the market continue to shape this culture. Hyperliquid trader 0xa523 became the platform’s biggest losing whale in September after accumulating more than $40 million in losses within one month.
Wynn also captured attention when he briefly left social media after updating his bio to say “broke”. He later returned with new high-leverage positions that added another layer to the ongoing narrative around risky trading.
Hyperliquid launches growth mode with sharply reduced fees for new markets
Hyperliquid expanded its offerings on Wednesday through the release of HIP three growth mode. The upgrade allows users to deploy new markets without centralized approval and benefit from sharply reduced taker fees. Costs for new markets fall from 0.045% to 0.0045%, giving traders a significant discount at launch. Higher staking levels and increased volume can push fees even lower to 0.00144%.
Additionally, the system requires every new market to be fully distinct from validator-run perpetuals to prevent asset overlap. This structure reduces the risk of parasitic volume while supporting healthier market activity. After activation, growth mode remains locked for 30 days, ensuring stability and preventing rapid fee adjustments.
Aster and Hyperliquid now appear to be shaping a competitive landscape centered on culture, incentives, and easier access for traders. Their latest updates reflect a wider shift toward features that appeal to users who favor community engagement and high-risk strategies.
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