[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![Sakrexer Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1486586633881329664.png) Peggy.hl [@Sakrexer](/creator/twitter/Sakrexer) on x 18.3K followers
Created: 2025-07-15 19:41:33 UTC

.@phantom perps which is using Hyperliquid as backend is now available for everyone who is eligible 

In the first week, with limited amount of users, they already generated 175k$ in fee's through builder codes and referals

Hyperliquid earned from this integration approx 150k$ so far (referal fee's*10). XX% of that revenue was used to buy back $hype on the open market, the remaining X% flow into the $HLP vault

Now that phantom perps is available for everyone, I expect those numbers to accelerate, alot 

What will happen to $hype when there is 3x as many users trading perps suddenly? this is definitely not priced in yet...

![](https://pbs.twimg.com/media/Gv7CaNjWgAATldr.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945207126441279773/c:line.svg)

**Related Topics**
[builder](/topic/builder)
[generated](/topic/generated)
[hyperliquid](/topic/hyperliquid)
[$hype](/topic/$hype)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Sakrexer/status/1945207126441279773)