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Hyperliquid’s Builder Codes Fuel Frontend Competition in Crypto Trading

Hyperliquid’s Builder Codes Fuel Frontend Competition in Crypto Trading

Author:

Global Cryptocurrency

Published:

2025-12-04 21:29:02

28

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BTCCSquare news:

Hyperliquid's protocol-level builder codes are reshaping the economics of decentralized trading interfaces. The innovation allows third-party frontends to embed fee structures directly into transaction payloads, capturing up to 1% on spot trades and 0.1% on perpetual contracts without maintaining orderbooks or liquidity pools.

Nearly 40% of daily active users now trade through alternative interfaces, with top builders Based, Phantom, and pvp.trade collectively generating over $31 million in fees. This distribution model mirrors traditional equity markets more closely than conventional crypto exchanges, fragmenting what was typically a vertically integrated stack into specialized layers.

By:

Index Options Strategies for Defined-Risk Trading

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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