Bullish

Hyperliquid Builder Code Revenue Hits $90M with MetaMask Integration

2026-07-28 22:50:02

Hyperliquid's developer integration program has generated $90M in revenue, driven by partnerships with MetaMask and VALR accessing shared liquidity.

Woofun AI reports that Hyperliquid’s builder code system has facilitated approximately $90 million in revenue for developers integrating its infrastructure. Major entities including MetaMask, Phantom, and VALR have deployed services leveraging the HyperEVM module connected to the HyperCore blockchain.

MetaMask introduced self-custodial perpetual contract access in October 2025, applying a 0.1% builder fee. VALR CEO Farzam Ehsani confirmed the exchange replaced its proprietary perpetual contract infrastructure with Hyperliquid’s order book to address liquidity constraints.

WOOFUN AI

Impact Assessment · Quick Read

The $90M revenue milestone validates the viability of shared liquidity models for decentralized perpetuals. MetaMask’s entry lowers barriers for retail users, potentially increasing volume on Hyperliquid. This integration trend suggests a shift toward modular infrastructure where exchanges prioritize liquidity depth over building proprietary matching engines.
Generated by WOOFUN AI · For reference only, not investment advice

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