Hyperliquid and BNB Chain have recently captured significant shares of mainstream Layer 1 blockchain fees, driven by the surge in derivatives trading. They now account for over 40% and 20%, respectively, while Solana's fee share has dropped from over 50% at the beginning of the year to 9%. The decline in Solana's popularity is linked to the cooling of the memecoin trading ecosystem (especially after the launch of the TRUMP token), and the fees generated per derivatives transaction are much higher than those from memecoin trades. BNB Chain has also benefited from traffic driven by Binance Alpha and Binance Wallet. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50958