BNB Chain and Hyperliquid Now Control Over Half of Layer-1 Fees

Two blockchain giants just flipped the fee economy on its head—grabbing more than 50% of all Layer-1 transaction fees combined.

The Fee Takeover

BNB Chain and Hyperliquid aren't just competing—they're dominating. While other networks scramble for scraps, these two platforms collectively rake in over half the total fees generated across all Layer-1 blockchains. That's not just market share—that's market control.

The Revenue Revolution

Forget gradual growth—this is a fee coup. The numbers don't lie: when two protocols capture majority fee revenue, the entire crypto economy shifts. Validators celebrate. Competitors sweat. And traders? They keep paying—because where else are they going to go?

The New Fee Standard

This isn't temporary—it's structural. BNB Chain's established ecosystem meets Hyperliquid's aggressive expansion, creating a fee vacuum that sucks value from smaller chains. Meanwhile, traditional finance still charges 2% for basic transfers—talk about outdated pricing models.

When two chains control the fee faucet, everyone else drinks from the drip tray.

— Altcoin Buzz (@Altcoinbuzzio) October 29, 2025

At the start of the year,accounted for more than half of all major L1 transaction fees. By October, that figure had plunged to, whileand. Combined, the two networks have risen from a 10% share at the start of 2025 to, marking a complete reversal in market structure.

Derivatives Trading Redefines L1 Revenue Dynamics

The shift reflects a clear transition from low-fee meme coin activity to. Demand for decentralized perpetual trading and the fee intensity that comes with it  has reshaped how Layer-1 networks generate revenue.

Hyperliquid’s rapid rise is largely attributed to the rollout of HIP-3, which enabled permissionless perpetual futures trading and introduced a strategic fee reduction program.

In, Hyperliquid generatedin fees. By, that number had soared to, a.

The platform recordedin trading volume during Q2 2025, bringing its 12-month cumulative total to. To date, cumulative platform revenue has exceeded, giving Hyperliquid more thanin the decentralized perpetual futures (DEX) segment , roughlythan its nearest competitor.

BNB Chain Gains Momentum from Binance Ecosystem

has also surged past a, powered by strong integration with the. Retail onramps likeandhave funneled user activity and liquidity into the chain, reinforcing its position as a trading-focused network.

The chain’s ongoing infrastructure upgrades , including the, have further anchored derivatives users within its ecosystem. The seamless bridge between Binance’s centralized exchange infrastructure and its native blockchain has created powerful user retention effects.

Together,now generate, up from just 10% a year ago , highlighting a broad market shift away fromtoward.

Solana and Ethereum Struggle to Maintain Fee Share

In contrast,fellto, following weaker meme coin trading activity after thecooled.

Whileremains a high-functioning general-purpose Layer-1, itsofis roughly half that of Hyperliquid. The divergence underscores how, derivatives vs. decentralized applications , can lead to short-term volatility in network economics.

Looking ahead, ethereum faces pressure to, while Solana’s recovery may depend on theor renewed speculative momentum.

In 2026,plans to launch aon Solana, a MOVE that could bring institutional legitimacy but may not directly address the fee gap driven by derivatives trading.

As long as, analysts expectto, signaling a structural shift in how value accrues within Layer-1 ecosystems.

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