Phantom Leads Hyperliquid Builder Program With $20.6 Million in Cumulative Revenue

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 [...]

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