HyperEVM average Gwei rose from about 0.15 to 3 on Aug. 22 before reaching 60 on Aug. 23, a 400-fold increase from the earlier level. DefiLlama data also showed record daily fees of $538,080 on Aug. 23, the first time the network exceeded $500,000, amid higher activity across DeFi platforms, trading applications, and other services on the chain. Hyperliquid uses network fee revenue to buy back and burn HYPE, tying usage to a deflationary supply mechanism. Fee levels can fluctuate with market conditions, and a single record day does not guarantee sustained growth. The figures were monitored by HyperliquidNews and reported by Odaily星球日报.