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Liquid on Hyperliquid: fees, volume and users
Non-custodial app for trading crypto, stocks, indices, commodities, FX, pre-IPO assets and prediction markets. The homepage notes that maximum leverage differs by market.
Builder metrics: flowscan builder leaderboard, snapshot 2026-10-24. Homepage facts checked 2026-10-19. See the methodology.
About Liquid
| Category | Mobile apps |
|---|---|
| Type | Non-custodial trading app |
| Venues / chains | Hyperliquid (including HIP-3 markets) |
| Mobile app | Not stated on homepage |
| Markets | Crypto, Stocks & indices, Commodities |
| Max leverage | Varies by market |
| Copy trading | Not stated on homepage |
| Effective builder fee, 30d | 3.38 bps |
| Website | liquid.trade |
Sources and dates
- Homepage checked 2026-10-19: https://liquid.trade
- Builder metrics: flowscan builder leaderboard, snapshot 2026-10-24
“Not stated on homepage” means the page does not say; it does not mean the feature is missing.
Liquid metrics on Hyperliquid
| Period | Builder revenue | Volume | New users | Effective fee (bps) |
|---|---|---|---|---|
| 1 day | $10.2k | $27.53M | 68 | 3.70 |
| 7 days | $75.8k | $211.00M | 377 | 3.59 |
| 30 days | $293k | $866.70M | 1,784 | 3.38 |
| 90 days | $626k | $1.81B | 3,181 | 3.46 |
| All time | $2.17M | $5.21B | 12,833 total | 4.17 |
Effective fee = builder revenue / builder volume, in basis points (1 bps = 0.01%). It is an average realised rate, not the fee each user is charged; "—" means no volume in the period.
30 days vs the previous 30 days
| Metric | Last 30 days | Previous 30 days | Change |
|---|---|---|---|
| Builder revenue | $293k | $216k | +35.9% |
| Volume | $866.70M | $633.21M | +36.9% |
| New users | 1,784 | 994 | +79.5% |
How fees work on Liquid
Trading on Hyperliquid through any app costs Hyperliquid's base fee, which depends on your 14-day volume and any HYPE staking discount. If the app uses a builder code, it can charge an additional builder fee that you approved. Over the last 30 days its builder revenue divided by its builder volume was 3.38 bps. That is an average realised rate across all users and markets, not necessarily the fee you are charged. The full tier table is on Hyperliquid fees.
Highlights from the data
Positives
- 30-day builder revenue is up 35.9% vs the previous 30 days.
- 12,833 users have traded through its builder code (all time).
- 1,784 new users in the last 30 days, up from 994 in the previous 30.
Watch-outs
- Nothing notable from the stated data.
These points are derived only from the figures above and facts stated on the homepage; they are not a review.
Similar mobile apps apps
- Mass — $81.9k builder revenue, 30d
- Trasia — $59.6k builder revenue, 30d
- BasedApp — $43.4k builder revenue, 30d
- Ult — $34.7k builder revenue, 30d
Back to the full comparison table or all mobile apps.
FAQ
What are Liquid's fees?
Every Hyperliquid order pays Hyperliquid's base fee (at the lowest volume tier, 0.045% taker and 0.015% maker for perps, per Hyperliquid docs, snapshot 2026-10-20). An app can add a builder fee on top. Over the last 30 days its builder revenue divided by its builder volume was 3.38 bps. That is an average realised rate across all users and markets, not necessarily the fee you are charged. Check Liquid directly for its current rate. See Hyperliquid fees.
Is Liquid built on Hyperliquid?
Liquid sends orders to Hyperliquid (Hyperliquid (including HIP-3 markets)). It appears on the Hyperliquid builder leaderboard with 12,833 users all time.
How much does Liquid earn from Hyperliquid trading?
Builder fees on Hyperliquid volume were $293k over the last 30 days and $2.17M all time, as of 2026-10-24. This counts only Hyperliquid builder fees, not the app's total revenue.