400,000 third-party app users lost $280 million on Hyperliquid
- —400,000 third-party app users lost a combined $280 million on Hyperliquid
- —App fees outweighed actual trading losses, the report said
- —Phantom, MetaMask and fomo were named as access points
- —Most users quit trading after taking losses, leaving retention very low
Why it matters: Poor retail retention through third-party front-ends undermines Hyperliquid's ecosystem reputation and the fee model built around it.
Source: TokenPost