Hyperliquid Weekly Fee Share Tops 40%, Surpassing Solana and Ethereum
JOON HYOUNG LEE
Summary
- Global DEX Hyperliquid's weekly fee share has climbed above 40%.
- Recent weekly fees totaled $11 million, accounting for 43% of total crypto fees and surpassing Ethereum (13%) and Solana (10%).
- Unfolded said Hyperliquid is currently dominating the fee market thanks to high-margin perpetual futures trading.
Forecast Trend Report by Period
Hyperliquid, a global decentralized exchange, has seen its share of weekly crypto fees rise above 40%.
Data cited by Unfolded on May 20 showed Hyperliquid generated $11 million in weekly fees, accounting for 43% of total cryptocurrency fees. That exceeded Ethereum's 13% share and Solana's 10%.
Unfolded said Solana trailed Hyperliquid by a wide margin despite its high trading volume. Hyperliquid is currently dominating the fee market on the back of high-margin perpetual futures trading.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul