Wallets and trading apps on Hyperliquid take a cut of every trade through builder codes. From Oct 5 to Nov 3 they made $11.7M, 12% more than the month before.

Four apps took 57% of it: MetaMask $2.02M, fomo $1.63M, Trust Wallet $1.52M and Phantom $1.44M. MetaMask charges 0.1% per trade, the maximum Hyperliquid allows, and still earns the most. The fastest climber is HyperDash: $697K, a 2.4x in one month at 0.015% per trade.

These apps now route 13.2% of Hyperliquid perps volume, up from 8% in summer.