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Hyperliquid Builder Codes Q3 in Review
1st Place: @InsilicoTrading
2nd Place: @BasedOneX
3rd Place: @phantom
Honorable Mention: @AxiomExchange
It is incredible to look back and see that over the last 3 months, builders have helped onboard 112,000 new users, have contributed $63.5B in volume, and generated $18.6M in fees.
A tough decision between Based and Insilico for #1 in my book. What strikes me most about Insilico is that it almost contributed the most volume with only ~1,300 users. Additionally, those ~1300 now have an average pnl of $150k per user. Sticky, highly profitable traders.
Insilico's ability to facilitate that much volume and to deliver highly sought after features (modular UI, advanced order types, access to non-HL exchanges through their UI) are what makes them the top builder of the quarter
The list of builders is going to only grow as new exchanges go live with HIP-3 markets. All of this ultimately benefitting the trader through intense innovative competition
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