Referral disclosure
Which links pay us, what they pay, and what that never changes.
UnderHyper earns money from referral links: when you open an account with one of our codes (for Hyperliquid, DEXSHEET), the venue pays us a share of the fees you pay, under that venue's own program. You pay nothing extra and still get the program's documented benefit. We use one code per venue, and no one pays for rankings, coverage or wording.
How referral links work here
Links marked with an "Open" button, and code boxes like the one on our referral code page, go through underhyper.com/go/<venue>/. That short redirect sends you to the venue's sign-up link with our code attached. Search engine crawlers following the same link are sent to the venue's public homepage instead. All referral links are marked rel="sponsored".
- One code per venue. Every page, button and our MCP server give the same code for the same venue.
- We promise only what the program documents. If a program gives you nothing, we don't imply it does.
- It costs you nothing extra. Referral payments come out of the venue's share of fees, not on top of what you pay.
Every referral relationship we have
| Venue | Code | What you get | What we get | Link tested |
|---|---|---|---|---|
| Hyperliquid | DEXSHEET | 4% off trading fees on your first $25M of volume | 10% of the trading fees paid by accounts that use our code, on their first $1B of volume (Hyperliquid referral program) | November 4, 2026 |
| trade.xyz | DEXSHEET | Hyperliquid's 4% referral discount (same account) | Same Hyperliquid referral account as above (trade.xyz sets your Hyperliquid referrer) | November 4, 2026 |
| Phantom | link only | 10% of your eligible Phantom trading fees back for 3 months (code applies when you sign up in the Phantom mobile app) | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| fomo | DEXSheet | Nothing documented | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| Pump.fun | dexsheet | Nothing documented | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| Axiom | dexsheet | Nothing documented | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| GMGN | dexsheet | Nothing documented | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| Nansen | dexsheet2 | 10% off Nansen Pro | A share of fees or a commission, under the venue's own referral program | November 4, 2026 |
| TradingView | link only | free plan available | A commission on paid plans bought through our link (TradingView affiliate program) | November 4, 2026 |
Hyperliquid's terms of payment are public in its referral docs. For other venues, the program's terms set what we earn and can change; the table says only what we can state.
What referral money never changes
- Facts and numbers. Market data comes from Hyperliquid's API and is the same whether or not we have a code for a venue.
- Rankings. Comparisons are ordered by the criteria stated on the page, such as fees or features. No project has paid for placement.
- Warnings. We report risks, incidents and country restrictions for venues that pay us exactly as for those that don't. Hyperliquid's terms restrict the United States, Ontario and other places; we never suggest ways around that.
- Coverage. We write about apps we have no relationship with, and we list the official links of every app, coded or not.
We don't accept payment for reviews, sponsored articles or listings. If that ever changes, the page in question will say so at the top.
Who runs UnderHyper
UnderHyper is independent and not affiliated with Hyperliquid Labs, the Hyper Foundation or any project we cover. It shares its referral accounts with DexSheet, a sister site run by the same team, which is why our Hyperliquid code is DEXSHEET. Read more on the about page, and see how we source and check numbers on the methodology page.
Questions people ask
Does UnderHyper get paid when I use its Hyperliquid referral code?
Yes. Hyperliquid pays referrers 10% of the fees their referred accounts pay, on the first $1B of each account's volume. You still get 4% off trading fees on your first $25M of volume; the code costs you nothing.
Are UnderHyper rankings paid?
No. No project pays for placement, ranking or wording. Comparisons follow the criteria stated on each page, and venues without a referral program are ranked the same way.
Why is the code called DEXSHEET?
UnderHyper shares its referral accounts with DexSheet, a sister site run by the same team, and we use one code per venue everywhere. It is a normal Hyperliquid code with the standard 4% discount.