Hyperliquid leads blockchains with $11M in weekly fees, capturing 43% share

Hyperliquid (HYPE) generated $11 million in fees last week, accounting for approximately 43% of the total across major blockchain networks to rank first, The Block reported. The majority of these fees came from futures trading. The outlet noted that this trend reflects a migration of derivatives traders to Hyperliquid's infrastructure and suggests that specialized chains can be more effective at generating fees than traditional Layer 1 networks. For comparison, Ethereum recorded $3 million in fees with a 13% market share, a relatively small amount compared to its past performance. Solana generated $2 million in fees for a 10% share, which The Block suggested shows the limitations of memecoin activity in directly translating to fee revenue.