Spot Swaps

A swap trades one token for another against on-chain liquidity. Hyperlynx routes your trade through concentrated-liquidity pools to find the best execution.

How routing works

• Direct pools. When a pool exists for your pair (for example HYPE/USDC), the swap executes directly against it.
• Multi-hop. When there's no direct pool, Hyperlynx routes through an intermediate asset (for example A → HYPE → B) and shows you the combined route and total fee.

You always see the route before you confirm.

Fees

Hyperlynx uses Uniswap V3-style fee tiers. Each pool has a fee tier set for its pair:

Tier	Typical use
0.01%	Stable or tightly correlated pairs
0.30%	Most standard pairs
1.00%	Volatile or long-tail pairs

The fee is paid by takers and earned by the liquidity providers in that pool. A share of protocol revenue ultimately flows back to $LYNX holders — see The fee machine.

Price impact & slippage

• Price impact is how much your trade moves the pool price. It grows with your size relative to the pool's depth.
• Slippage tolerance is the maximum adverse move you'll accept between quote and execution. If the price moves past it, the trade reverts instead of filling at a bad rate.

On deep pools, impact is tiny. On thin pools, split a large order or choose a deeper route.

Approvals

The first time you trade a given token, you grant a one-time approval so the router can move it. After that, swaps of that token are a single confirmation.

Every quote is an estimate until it settles on-chain. Network conditions can change the final fill within your slippage tolerance.