Phantom Leads Hyperliquid Builder Program With $20.6 Million in Cumulative Revenue
The post Phantom Leads Hyperliquid Builder Program With $20.6 Million in Cumulative Revenue appeared on BitcoinEthereumNews.com. TLDR: Phantom generated $20.6M in cumulative revenue, capturing 31.8% of total top-10 builder earnings. Based processed more volume than Phantom at $44B but earned less due to its lower 0.025% fee rate. MetaMask ranked fourth despite charging 0.1%, the highest builder fee among all top 10 builders. Mass averaged $1,337 revenue per user, the highest among all top 10 Hyperliquid builders tracked. Phantom has emerged as the leading builder on Hyperliquid’s builder program, earning over $20.6 million in cumulative revenue. CoinGecko data shows the wallet accounts for 31.8% of total revenue among the top 10 builders. Based ranked second with $15.1 million, while MetaMask placed fourth despite charging the highest builder fee of 0.1%. Together, these platforms reflect how distribution channels are reshaping decentralized derivatives trading. Phantom and Based Domi