So
@HyperliquidX generated $74.4M in 30D revenue vs
@Pumpfun' $58.6M, yet Pump leads all time at $1.46B vs $1.19B.
These are 2 proven monetisation engines connecting.
Assuming HL averages ~$6.9B daily volume, routing 5% through Pump at a 0.05% fee means ~$63M in annual gross builder fees, before costs.
> For 1% it'd be ~$12.6M annually
> For 10% it'd be ~$126M annually
This is just more than distribution.
h/t to
@BlockworksData for the data