According to Golden Finance, Hyperliquid announced that it will introduce a pledge level, which will be determined based on the number of pledged HYPEs. The benefit of the pledge level is to reduce transaction fees. This update is expected to be launched on or after April 30. As part of this update, the entire fee system will be redesigned, and the new fee system will have separate fee schedules for the perpetual contract and spot. Perpetual contracts and spot volumes will be calculated together to determine user fee levels, and spot transaction volumes will be doubled into the fee levels.