Phantom tops Hyperliquid builders with over $20.6M in income, whereas Based mostly ranks second and MetaMask ranks fourth.
Phantom has grow to be the highest income builder on Hyperliquid, primarily based on CoinGecko figures cited within the report.
The pockets generated greater than $20.6 million by way of the builder program, whereas different apps and wallets adopted with completely different payment fashions.
Phantom Holds Prime Builder Spot
CoinGecko knowledge reveals Phantom generated $20,630,022 in cumulative builder income on Hyperliquid.
The determine made Phantom the biggest builder by income in this system to date. Phantom accounted for 31.8% of whole income among the many prime 10 Hyperliquid builders.
The Solana-native pockets additionally recorded 137,496 customers, the biggest consumer depend within the group.
Phantom Earns Over $20.6 Million Via Hyperliquid Builder Program
CoinGecko knowledge reveals Phantom has generated over $20.6 million in cumulative income as the biggest builder on Hyperliquid, accounting for 31.8% of the highest 10 builders’ whole income. Based mostly ranked second with… pic.twitter.com/mfElMoRtlA
— Wu Blockchain (@WuBlockchain) Could 31, 2026
The information reveals Phantom processed $39.4 billion in buying and selling quantity. Its builder payment stood at 0.05%, which positioned it above some rivals and under MetaMask.
Phantom’s common income per consumer reached $150. The determine was decrease than Based mostly, however its wider consumer base supported larger whole income.
Based mostly and MetaMask Observe Completely different Paths
Based mostly ranked second amongst Hyperliquid builders, with $15,056,894 in cumulative income.
It processed $44 billion in quantity, which was larger than Phantom’s whole. Based mostly charged a 0.025% builder payment.
That decrease payment helped it appeal to extra quantity, whereas Phantom earned extra income from fewer trades.
Collectively, Phantom and Based mostly generated 54.8% of prime 10 builder income. Their totals positioned them forward of different builders within the Hyperliquid program.
MetaMask ranked fourth with $6,510,547 in cumulative income. It charged a 0.1% builder payment, the very best price among the many prime 10 builders.
MetaMask additionally recorded 43,761 customers and $7.46 billion in quantity. Its common income per consumer stood at $149, near Phantom’s consumer income determine.
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Hyperliquid Builders Present Blended Fashions
The builder knowledge reveals a number of fashions working on the identical Hyperliquid order e book. Pockets customers, Telegram bot merchants, and algorithmic desks used completely different entry factors.
Every builder introduced customers to the identical liquidity supply. Nevertheless, every platform charged a special payment for entry to Hyperliquid buying and selling.
Insilico ranked fifth by income, with $3,306,853 from solely 2,962 customers. Its common income per consumer reached $1,116, the very best determine within the cited group.
Axiom ranked seventh and processed $22.1 billion in quantity. It earned $2,270,689, attributable to a decrease builder payment of 0.01%.
The comparability reveals how payment decisions formed builder income. Some platforms centered on consumer scale, whereas others served smaller teams with larger common income.
For Hyperliquid, the builder program created a broad distribution layer. The mannequin allowed exterior apps and wallets to deliver customers to 1 buying and selling venue.