Hyperliquid Captures 43% of Crypto Weekly Fees at $11M, Outpacing Ethereum and Solana

HYPE2.22%
ETH0.82%
SOL0.38%
According to DefiLlama data as of May 20, Hyperliquid captured 43% of all cryptocurrency weekly fees, generating approximately $11 million in revenue and significantly outperforming Ethereum's 13% share and Solana's 10%. The perpetual futures-focused Layer 1 blockchain generated more fee revenue than Ethereum and Solana combined during the measured period. DefiLlama's tracking shows Hyperliquid's specialized infrastructure optimized for high-speed derivatives trading has driven the platform to dominate on-chain economic activity, with the milestone reflecting a broader market shift toward application-specific chains in the crypto sector.
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