Builder codes give third parties the ability to tap into @HyperliquidX's orderbook and charge the user a max of 10 bps on top of the trade (perps). Since the beginning of this month, trades routed through builder codes have begun to increase their average trade size of RWA perps (and spot), so much so, that the average trade size is now routinely greater than crypto perps (and spot).
Messari by BlockworksShare
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