A post by @OdailyChina on X.

Wintermute has spent roughly $10 million annually to secure a 50–60 millisecond data advantage on Hyperliquid through the exchange’s “gossip priority” mechanism, which auctions read priority every three minutes to the highest bidder, with each seat cutting about 20 milliseconds of latency. The market maker has parlayed that edge into more than $200 million in cumulative profit on the perpetuals venue. The arrangement highlights how latency has become a tradable commodity on decentralized exchanges, effectively creating a paid fast lane for order-flow data. Watch whether Hyperliquid’s auction prices keep climbing as more market makers bid for seats, and whether the resulting speed gap draws scrutiny over fairness for ordinary users.