Hyperliquid’s HYPE Token Surge Highlights Shifting Dynamics in Blockchain Fee Race, Tron (TRX) Holds Strong

In a surprising turn of events, Hyperliquid’s native token HYPE has surged 18% from its monthly low, reaching $21.28, while the platform itself has climbed to become the third-highest blockchain by daily fee generation. This development underscores the rapidly evolving competitive landscape in the blockchain space, where Tron (TRX) continues to maintain its dominant position in fee revenue.

Hyperliquid Surges to Third in Blockchain Fees as HYPE Token Gains 18%

Hyperliquid [HYPE] has defied market uncertainty with a dramatic rise, now ranking as the third-highest blockchain by daily fee generation. The platform surpassed ethereum [ETH] and Bitcoin [BTC] in 24-hour fee revenue, trailing only Solana [SOL] and Tron [TRX]. This ascent marks a significant shift in the competitive landscape.

The native token HYPE rallied 18% from its monthly low, trading at $21.28 amid broader market risk aversion. Network metrics show sustained volume and liquidity despite fee increases, with traders positioning for a potential $50 breakout. Perpetuals activity and bridged TVL growth underscore Hyperliquid’s expanding derivatives market presence.

Qubetics, Tron, and Algorand Set New Blockchain Benchmarks Amid Crypto Bull Run

Tron has solidified its position as the most profitable blockchain by fee generation, surpassing Ethereum, Solana, and Bitcoin with $2.8 billion in fees over the past year. The network now boasts over 300 million total wallets and 177 million active holders, facilitating more than $10 billion in daily transfer volume.

Algorand continues to gain credibility through strategic partnerships, including its high-profile collaboration with FIFA. Meanwhile, emerging disruptor Qubetics is making waves with a staggering 6414% ROI, positioning itself as a leader in the next crypto bull run.

Pump.fun Surpasses Tron’s Daily Revenue as Meme Coin Market Cap Drops 50%

Pump.fun has emerged as a revenue powerhouse, eclipsing Tron’s daily earnings despite a broader downturn in the meme coin sector. DefiLlama data reveals the platform generated $2 million in 24 hours, securing its position as the third-highest revenue-generating protocol—trailing only stablecoin giants Tether and Circle.

Tron’s revenue has stagnated between $1 million and $2 million this year, while Pump.fun’s earnings have retreated from a $7 million peak. The meme coin market cap, meanwhile, has halved since the start of the year, signaling a sharp contraction in speculative appetite.