Hyperliquid2026-10-10 02:59:52Castle Labs says Hyperliquid has generated more than $1.4 billion in protocol revenue, with 56% of on-chain perpetuals marketA market study from Castle Labs said Hyperliquid has generated more than $1.4 billion in cumulative protocol revenue and has spent more than $1.26 billion on open-market buybacks of HYPE. Measured by open interest, the platform now accounts for more than 56% of the on-chain perpetual futures market. The report also said Hyperliquid has opened its trading infrastructure to third-party wallets and applications through its Builder Codes mechanism. That setup allows external products to plug into Hyperliquid’s perpetual trading system without building their own stack, while also sharing in the revenue generated through that access. Castle Labs cited Phantom and MetaMask as examples. According to the report, Phantom has earned more than $25 million in cumulative revenue through the arrangement, while MetaMask has brought in more than $10.5 million. The item was cited by Techub News and attributed to Wu Blockchain.480
Phantom2026-08-26 08:20:45Phantom Says Builder Codes Profit Tops $25 MillionHyperliquidNews said on X that Phantom wallet has made more than $25 million in profit through Builder Codes. The post also said Phantom has earned about $2.21 million in referral fees. Combined, the two figures come to $27,213,856.2, or about $27.21 million. No additional details were provided in the post.1000
Hyperliquid2026-08-23 05:15:57Hyperliquid Builder Codes posts nearly $989.4 million in notional volume on Aug. 21Hyperliquid Builder Codes recorded about $989.4 million in notional trading volume on Aug. 21, according to Blockworks data, setting a new all-time high. Perpetual contracts accounted for roughly $983.9 million of that total, while spot volume came in at about $5.408 million and prediction market volume reached around $66,000. The platform also logged about 39,982 traders on the same day. Builder revenue totaled approximately $781,600, which the data showed was also a recent high. Among the largest contributors to that revenue were MetaMask at about $142,600, Phantom at around $114,300, and Trust Wallet at roughly $86,900. Invo, Based, and fomo followed behind them in revenue contribution.1220
Hyperliquid2026-08-22 18:13:05Hyperliquid builder-code routed perpetual volume hits a record highTechub News reported that the total trading volume routed yesterday through builder codes on Hyperliquid’s perpetual futures venue reached an all-time high. The metric points to a new peak in trading activity routed through specific codes or strategy-based paths on the decentralized derivatives exchange. Hyperliquid is an order book-based high-performance perpetuals DEX, and its builder code feature lets developers or trading strategies earn rewards tied to the volume they route. The update cited information shared by @MessariCrypto. With no additional figures disclosed in the source, the report focused on the record-setting level of routed activity and the role builder codes play inside Hyperliquid’s trading system.1170
