Key facts
- Phantom has generated over $20.6 million in cumulative revenue on Hyperliquid.
Phantom has emerged as the top revenue generator on the Hyperliquid decentralized exchange, earning over $20.6 million through its builder program. The Solana-native wallet accounted for 31.8% of the total revenue from the top 10 builders and attracted the largest user base with 137,496 users.
Hyperliquid operates a builder program where external applications and wallets can integrate and bring users to its trading venue, charging fees for access. This program allows for a distributed layer of user acquisition and revenue generation on the decentralized exchange. The success of builders like Phantom highlights the potential for different fee models and user acquisition strategies within the DeFi ecosystem.
Hyperliquid operates a builder program where external applications and wallets can integrate and bring users to its trading venue, charging fees for access. This program allows for a distributed layer of user acquisition and revenue generation on the decentralized exchange. The success of builders like Phantom highlights the potential for different fee models and user acquisition strategies within the DeFi ecosystem.