· Kael · Comparisons
BULK Exchange vs Hyperliquid: 5ms vs 200ms, Leaderless BFT vs Single Sequencer
BULK Exchange is live on Solana mainnet with 5–20ms matching latency via leaderless BFT consensus and 0bps maker fees through the Genesis Phase. Hyperliquid runs ~200ms on a single-leader chain with deep existing liquidity. Architecture, fees, margin efficiency, and what switching actually costs you.