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InvoXYZ Surpasses Trust Wallet in Hyperliquid Builder Code Volume
InvoXYZ, a social trading app, has surpassed Trust Wallet to claim second place in Hyperliquid's builder code volume rankings. The platform achieved $1.49 billion in trading volume over the past 30 days, marking a 28% increase and solidifying its position as the fastest-growing front end in Hyperliquid's ecosystem. InvoXYZ attracted over 40,000 unique traders, more than doubling the user count of the previous second-place holder.
The app's success is attributed to its innovative copy-trading features, allowing users to mirror the strategies of top traders in Hyperliquid's perpetual markets. InvoXYZ supports over 170 trading pairs and has effectively utilized TikTok for user acquisition, reaching demographics that may not have previously engaged with decentralized exchanges. HyperTracker recognized InvoXYZ's growth on August 18, emphasizing its user-led initiatives and social features as key differentiators from traditional wallet integrations.
Builder codes, which are referral tags integrated into Hyperliquid's protocol, measure the volume driven by various front-end applications. InvoXYZ's impressive trading volume reflects actual economic activity, showcasing its ability to route trades effectively. Currently, Phantom holds the top position in the rankings, while Trust Wallet, backed by Binance, has been displaced by InvoXYZ, highlighting the competitive nature of the DeFi landscape.
Source: KLEA News