Crypto▲ Bullish
Trust Wallet tops MetaMask and Phantom in HyperliquidX revenue
Trust Wallet has overtaken MetaMask and Phantom in 24-hour HyperliquidX builder-code revenue, per a social media post. The self-custody wallet captured a larger share of fees from the derivatives exchange. Prediction markets imply a 21.5% probability of Hyperliquid reaching $100 by end-2026, up from 20%.
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Trust Wallet has overtaken MetaMask and Phantom in 24-hour HyperliquidX builder-code revenue, according to a social media post from @DegenerateNews. The self-custody wallet captured a larger share of builder fees generated through the Hyperliquid platform, which lets third-party apps earn fees from transactions.
Builder-code fees are a revenue stream for wallet providers that route trades through HyperliquidX, a derivatives exchange built on Hyperliquid. The shift in rankings suggests a change in user routing behavior, not a change in the underlying Hyperliquid protocol itself.
Hyperliquid's ecosystem has produced substantial builder-fee revenue for wallets like Phantom and MetaMask in recent months, and the reported revenue shift signals a more competitive dynamic among wallet providers who compete for order flow on the platform.