Group 1 - Hyperliquid is a significant player in the perpetual trading platform market, witnessing a growth cycle similar to the DeFi Summer, with various competitors emerging in the space [1][4] - The competition among wallets to integrate perpetual trading capabilities is intensifying, with platforms like Metamask and Phantom leading the charge [5][4] - The referral and builder fee mechanisms of Hyperliquid are seen as innovative, allowing developers to earn additional fees while maintaining user transaction costs [5][6] Group 2 - The integration strategies of different platforms vary, with some opting for open API access while others use read-only nodes, each having its advantages and challenges [10][12] - The market dynamics reveal a complex interplay of user engagement and revenue generation, with a significant portion of trading volume concentrated among a small number of high-value users [28][30] - The overall profitability of integrating with Hyperliquid is questioned, as many platforms may find the return on investment (ROI) to be low despite the initial hype [32][31]
钱包赛道暗战: 争相接入 Hyperliquid 是个好生意吗？
Xin Lang Cai Jing·2026-01-17 16:38