Wintermute-Linked Wallet Wins About 76% of Hyperliquid Priority Data Auctions in Past Month

November 13 — According to Bloomberg, crypto market maker Wintermute has become the main user of Hyperliquid's priority data auction mechanism. The mechanism allows traders to bid to see incoming buy and sell orders before they are processed, giving them a few milliseconds to adjust quotes or hedge on other platforms. Data from on-chain analytics platform Loris Tools shows that over the past month, a wallet linked to Wintermute won about 76% of the highest-priority data slot auctions. DRW founder Don Wilson previously questioned the fairness of the mechanism and whether it can meet U.S. regulatory requirements. Hyperliquid Labs said anyone can participate in the bidding, and that all priority fee payments are publicly disclosed on-chain.