Petro D. | Research(@PDmytriiev):Builder revenue on @HyperliquidX just printed its best month Aggregate revenue: → 30-day total: $7.17M → Most of the month ran $100K–$300K a day; 21.08. had above $800K Top earners, last 7 days: → MetaMask: $507.8K on $537.30M volume, +135% → Phantom: $418.4K on $836.76M: more volume, less revenue, because it charges ~0.05% of notional vs MetaMask's ~0.095% → Trust Wallet: $286.9K on $489.52M, +224%; all-time of $696.8K means nearly all of it was earned this week → Non-wallet builders growing fastest: Invo $197.6K (copytrading), fomo $181.5K (+379%), BasedApp $85.1K (+2,606%) None of these apps built an exchange. They routed orders into one that already had the liquidity and turned an existing userbase into a revenue line.

2026.08.23 14:44

Builder revenue on @HyperliquidX just printed its best month Aggregate revenue: → 30-day total: $7.17M → Most of the month ran $100K–$300K a day; 21.08. had above $800K Top earners, last 7 days: → MetaMask: $507.8K on $537.30M volume, +135% → Phantom: $418.4K on $836.76M: more volume, less revenue, because it charges ~0.05% of notional vs MetaMask's ~0.095% → Trust Wallet: $286.9K on $489.52M, +224%; all-time of $696.8K means nearly all of it was earned this week → Non-wallet builders growing fastest: Invo $197.6K (copytrading), fomo $181.5K (+379%), BasedApp $85.1K (+2,606%) None of these apps built an exchange. They routed orders into one that already had the liquidity and turned an existing userbase into a revenue line.

Petro D. | Research@PDmytriiev

2026.08.15 15:54

Are you a crypto consumer app with a big userbase, but struggle with revenue? Call 1-800-HYPERLIQUID. Builder codes let any app route orders into @HyperliquidX's orderbook, tag them with its own address, and charge a fee on top of the normal trading fee. The user approves a max rate once, and from there it settles in $USDC as trades fill. You don't run matching, liquidity, oracles, or liquidations - you bring the interface and the users, and the exchange handles everything behind it. The leaderboard shows what that looks like in practice. Other app earned $95M total in revenue from integration of builder codes. @phantom did $237.3K in a week on $415.9M of volume, @MetaMask $230.5K on $266.8M, both just added a tab to an app people already had open. Builder codes remove the cost of building an exchange, but not the need for users who actually want to trade. If your userbase has that intent sitting idle, it's the cheapest revenue line in crypto right now.