- Hyperliquid beats the giants in blockchain by generating 1.7M daily fees.
- Transactions on the platform totaled 447M with zero gas fee.
- Network’s market cap hit the level of 13.3B with increasing crypto demands.
Hyperliquid (HYPE) is now the leading blockchain network when it comes to daily transaction fees, as it has made 1.7 million of them in 24 hours. The impressive number placed it above such popular networks as Solana, Ethereum, and Bitcoin.
Data by Artemis shows that the platform was on top of the chart and was followed closely by Solana. Ethereum and Bitcoin followed next before BNB Chain and Tron, which recorded lower fees.
Hyperliquid’s Performance in Daily Transaction Volume
This chart of Artemis demonstrates that the fee generation of this network is by far better than any others. Even Ethereum, the cryptocurrency that has high transaction fees, is lost in this chart.
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The statistics indicate an increase in the number of people using the platform of Hyperliquid. Such a rise in interest is said to be due to its special performance and functionality. The fees gathered are very high implying that there is a lot of demand on the network.
Source: Artemis
On the dashboard of Artemis, the trading volume of Hyperliquid in the past 24 hours was $2.4 billion. Its futures position was at a level of $2.3 billion, with its users keenly interested in leveraged crypto-trading.
There are 447 million perpetual transactions daily processed through the platform as well. Moreover, the perpetual fees constituted a substantial percentage of the revenue generated during the day, totaling over $712,000
High Revenue and Speed Secure Hyperliquid’s Lead in Crypto Trading
The market cap of HYPE remains $13.3 billion, whereas its token is being traded, approximately, at the price of $38.83. The price fell just a little in the last 24 hours, but still, the trend shows that the change is in the right direction.
Its annualized revenues amount to approximately $798 million, whereas annually estimated fees are amount to approximately $791 million. These numbers indicate that the platform of Hyperliquid will soon become one of the most lucrative ones in the crypto world.
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