Hyperliquid has emerged as a leader in the decentralized perpetual futures trading sector, surpassing Solana in fees with $12.6 million weekly compared to Solana’s $11.8 million. Despite concerns over centralization, Hyperliquid’s fee structure, which reinvests into the community, and its unique Layer-1 blockchain designed for trading efficiency, position it strongly against competitors. However, the rise of Hyperliquid and other emerging chains like Berachain could challenge Solana’s dominance in the DeFi space.
about Hyperliquid Surpasses Solana in Fees Amid Centralization Concerns and Market Growth