X @Wu Blockchain

Hyperliquid and BNB Chain have captured the majority of Layer 1 network fees amid a surge in derivatives trading, accounting for over 40% and 20% of total fees, respectively. Solana’s share has dropped from over 50% earlier this year to just 9%. Derivatives trading generates significantly higher fees per transaction than memecoin activity, while BNB Chain has also benefited from user inflows through Binance Alpha and Binance Wallet. https://t.co/9x87nYQ47R ...