The landscape of layer 1 transaction fees transforms with Hyperliquid and BNB Chain now dominating 60%

Solana’s share of transaction fees plummeted to 9% from over 50% earlier in the year, illustrating a notable decline amidst competition.

Hyperliquid and BNB Chain have risen significantly, capturing 40% and 20% of transaction fees, respectively, fueled by increasing retail user engagement and changes in trading behavior.