X @Ansem

RT Ryan Watkins (@RyanWatkins_)When I first underwrote Hyperliquid, I assigned little value to builder codes.I now believe it’s one of the most important features that enables Hyperliquid to outcompete CEXs.The thesis is simple: builder codes enable Hyperliquid to scale distribution faster than any competing exchange.Hyperliquid gives every front-end an offer that’s hard to refuse by embedding an unruggable fee sharing mechanism.While other exchanges hustle to onboard taker flow themselves, Hyperliquid has ...