Hyperliquid outshines Tron in 24-hour fee generation: What’s behind it?

Hyperliquid (HYPE) has recently overtaken Tron (TRX) in fee generation, pulling in 2 million USD within a day as compared to Tron’s 1.9 million USD.

HYPE’s price increased by 4.03%, contrasting with TRX’s minor drop of 0.12%. The surge in HYPE’s transaction volume reflects a shift in market activity favoring Hyperliquid.

While HYPE shows strong performance with 22.1k unique users, potential risks loom as an increase in staked tokens could impact its price, leaving questions about its long-term sustainability.