Machi Mode Revolutionizes Crypto Trading by Rewarding Failure
Only in crypto could getting liquidated become a competitive sport. Decentralized exchange Aster is leaning full-tilt into degen culture with its upcoming “Machi mode,” a revolutionary feature that literally rewards traders with points for getting rekt. The update, launching next week, is a direct tribute to Machi Big Brother (Jeffrey Huang), who currently dominates the liquidation leaderboard with a staggering 71 liquidations this month alone—far ahead of James Wynn and Andrew Tate.
Embracing the Machi Mode Mentality
Aster announced the feature with a shoutout to the Taiwanese-American entrepreneur, stating, “You get liquidation points for getting rekt. This one’s for you, king.” The community response was instantly euphoric, with one user exclaiming, “Love the machi mode energy cant wait to get rekt and earn points.” This perfectly captures the high-risk, high-reward ethos of crypto’s most daring traders, where even failure can be gamified and worn as a badge of honor. The liquidation leaderboard has become a running joke and status symbol, highlighting the unpredictable nature of the market.
Hyperliquid Fires Back with “Growth Mode”
Not to be outdone, competitor Hyperliquid has responded with its own major upgrade. The platform just rolled out HIP-3 “Growth Mode,” a permissionless system that allows anyone to deploy new markets while slashing taker fees by over 90%. This drops fees from 0.045% to as low as 0.00144% for top-tier stakers, dramatically lowering the barrier to entry for new perpetuals markets. This move underscores the intense competition among DeFi platforms to attract volume and innovation, whether through rewarding degeneracy or enabling cheaper trading.
My Thoughts
This is peak crypto and I’m here for it. Machi mode brilliantly tokenizes the community’s dark humor and high-risk appetite, creating engagement through shared experience. While it might seem reckless to outsiders, it accurately reflects the reality of leveraged trading. Simultaneously, Hyperliquid’s fee reduction is a serious step toward mainstream adoption. Together, they show DeFi’s unique balance between pure degeneracy and groundbreaking innovation.
