The update says Hyperliquid, a platform centered on perpetual futures (crypto derivatives without expiry), now represents 43% of all chain fees, highlighting the revenue strength of onchain derivatives trading.
Hyperliquid now accounts for 43% of total chain fees and is generating about $11 million per week, according to the provided update. The post adds that perpetual futures (crypto derivatives without expiry) are monetizing more effectively than nearly every other onchain activity. The figures point to the growing economic weight of onchain derivatives venues, where trading demand can produce large fee flows compared with other blockchain use cases.