The Most Popular Altcoin Lately Crushes Ethereum and Solana: “Reached the Top Spot!”

The global decentralized exchange (DEX) HyperLiquid (HYPE) continues to grow. Recent data shows that HyperLiquid has even surpassed Ethereum and Solana.

Accordingly, the popular DEX HyperLiquid is rapidly expanding its market share in the blockchain transaction fee market. This means there is strong demand in the perpetual futures market.

According to the data, Hyperliquid (HYPE) generated approximately $11 million in revenue last week, accounting for about 43% of all blockchain transaction fees.

With this figure, Hyperliquid has taken the top spot. The vast majority of these commission revenues came from perpetual futures trading. The reason for this increase in the market is attributed to the rapid migration of derivatives investors to Hyperliquid’s proprietary infrastructure.

In contrast, Ethereum (ETH) generated $3 million in commission revenue and a 13% market share. While this is a relatively small figure compared to its past performance, Solana (SOL) achieved $2 million in commission revenue and a 10% market share.

*This is not investment advice.

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