What is HyperSignals?

HyperSignals is a social trading platform on Hyperliquid. It lets users track professional traders, access real-time order flow across 400,000+ traders, and execute copy trades directly from their wallets.

The Challenge

HyperSignals wanted to run multiple growth mechanics at once: referrals, points, and two competition tracks, each targeting a different user behavior. But building and operating four independent reward programs would have meant four separate pipelines for tracking, attribution, and payouts, pulling engineering away from the core product.

They needed infrastructure that could handle distinct program types from a single integration, resolve sub-accounts back to real users, and capture trading activity through Hyperliquid's builder code, all without each new mechanic becoming its own engineering project.

The Solution

After mapping out what building all of this in-house would require, HyperSignals chose Fuul as their rewards infrastructure, and launched four distinct programs in parallel from day one. The referral tiers, points model, and two competition tracks that would have each required their own build cycle ran as independent configurations on a single platform. The protocol complexity that could have blocked the whole initiative was handled automatically. Months of build time collapsed into days of setup.

With Fuul, HyperSignals:

• Ran four programs from a single integration: Launched the referral program (USDC rewards for bringing new traders), the points program (accumulated for trading activity), and both trading competitions with no-code configurations
  
  
• Resolved sub-account identity with address forwarding: Configured forwarding rules so that every sub-account mapped to its parent main account.
  
  
• Captured trades through the Hyperliquid builder code trigger: Used Fuul's purpose-built Hyperliquid trigger to listen to all trades executed through the HyperSignals builder code.
  
  

The Strategy

HyperSignals launched four programs, each targeting a different growth lever.

Referrals

The referral program turned active traders into a distribution channel. Referrers earned a revenue share on the trading fees generated by their referrals, with the percentage scaling permanently based on cumulative referred volume: 40% at Bronze, 50% at Silver, 60% at Gold, and 70% at VIP. The key mechanic was the tier progression: unlocking a higher tier did not just reward new referrals, it increased the cut on every referral already brought in.

That meant referrers had a compounding reason to keep driving volume, since each tier upgrade made their entire existing base more profitable. Referred users got a permanent 8% discount on trading fees, giving them a concrete reason to join through a referral rather than directly, with all rewards paid out in USDC.

Points

The points program was designed to reward consistent, high-value activity within the ecosystem. It is structured around two fixed, independent distribution tracks: a trading pool and a referral pool. Each period, a fixed number of points is allocated to each pool, and users earn a share based on their contribution relative to others.

To recognize early participants, a separate one-time retroactive drop of 5,000,000 points was distributed to private beta users based on historical performance and engagement across the app.

Trading Competitions

The first edition, the HyperSignals Trading Showdown, ran from December 4, 2025 to January 8, 2026 with a combined $100,000 USDC prize pool, an iPhone 17 Pro Max for the top performer in each track, and a 3x points multiplier for all participants. Rather than forcing a single performance metric on the entire user base, the two tracks let different trader profiles compete on their own terms:

Results

• Referred volume reached ~$36M (~15% of total activity) in 16 weeks
  
  
• Referral program delivered a ~71% ROI on rewards distributed
  
  
• User adquisition accelerated ~1,130% in ~12 weeks.
  
  
• Perp trading volume increased by ~567% in ~12 weeks.

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Conclusion

The key to HyperSignals' growth was not running one program well. It was running four at once, iterating on all of them, and never waiting on engineering to make it happen. That is only possible when the incentive layer is fully decoupled from the product and configurable without code. Every new mechanic brought more traders in, kept existing ones engaged, and tied activity back to platform revenue.

Today, Fuul gives HyperSignals the infrastructure to keep expanding their program and test new mechanics as the platform grows, without the dev team as a bottleneck.

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