A “builder” on Hyperliquid is a frontend/UI that routes a user’s order through itself in exchange for an optional builder fee (think Phantom for Solana, or any custom HL UI). This endpoint ranks them by what they’re capturing on HIP-4 markets.Documentation Index
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Endpoint
Query parameters
| Param | Type | Default | Description |
|---|---|---|---|
by | string | "revenue" | One of revenue, volume, fills, users |
limit | int | 100 | Max rows (cap 500) |
Response
| Field | Description |
|---|---|
builder_addr | The wallet that receives builder fees on this builder’s flow |
builder_fees_total_usdh | Lifetime USDH (or USDH-equivalent buy-side) collected by this builder |
market_share_pct | Builder’s share of total HIP-4 volume, expressed as a decimal % (0.16 = 16%) |
unique_users | Distinct wallets that have routed through this builder |
unique_outcomes | Distinct outcome_ids this builder has touched |
Ranking modes
by=revenue—builder_fees_totalDESC. The “who’s making money” leaderboard. Default.by=volume— total USDH routed through, regardless of fee rate.by=fills— count of fills routed.by=users— distinct wallets that have used this builder.
Use cases
- Track a competing UI’s growth by polling weekly and watching
volume_usdhclimb. - Identify integration partners — top builders by
unique_usersare well-distributed UIs worth talking to. - Effective fee rate analysis —
builder_fees_total / volume_usdh × 10000 = bpscharged.
Examples
Notes
- Builders without a
builder_addr(default HL frontend, or programmatic API users) are excluded. market_share_pctis recomputed every minute.- Builder fees can be charged as a percentage of size —
bpsmay vary across this builder’s fills.