Hyperliquid 24H Fees Surge Past Solana

Hyperliquid 24H fees hit $947K, beating Solana’s $685K in daily revenue as on-chain trading activity continues to grow.

Aurelien Sage February 24, 2026 - 3:30 PM

Hyperliquid 24H fees dashboard showing $947K daily revenue compared to Solana fees at $685K

Market

Hyperliquid 24H fees reached $947K in daily revenue.
Solana recorded $685K in 24-hour fees.
Rising derivatives activity is driving strong on-chain growth.

The latest data shows that Hyperliquid 24H fees climbed to an impressive $947,000, placing the decentralized derivatives platform ahead of major blockchain networks in daily revenue. Meanwhile, Solana followed with $685,000 in fees during the same period.

This development highlights the growing strength of decentralized perpetual exchanges. Hyperliquid has rapidly gained attention for its fully on-chain order book model, offering users high-speed trading without relying on centralized infrastructure. As trading activity increases, fee generation naturally follows — and the latest numbers reflect that trend clearly.

Why Trading Activity Is Increasing

One of the main drivers behind Hyperliquid 24H fees is the rising demand for on-chain derivatives. Traders are increasingly looking for platforms that combine transparency, speed, and self-custody. Hyperliquid’s model allows users to trade perpetual futures directly on-chain while maintaining competitive performance compared to centralized exchanges.

At the same time, Solana continues to remain a strong ecosystem for decentralized applications, NFTs, and DeFi. Although Solana’s $685K in daily fees is significant, the comparison shows how specialized trading platforms can sometimes outperform even major Layer 1 networks in short-term revenue metrics.

The growth in fee revenue suggests that traders are actively engaging with volatility in the crypto market. When price movements increase, trading volumes typically surge — leading to higher platform earnings.

📊 UPDATE: Hyperliquid tops 24H fees at $947K, with Solana trailing at $685K. pic.twitter.com/hmlEWklctK
— Cointelegraph (@Cointelegraph) February 24, 2026

What This Means for the Market

The surge in Hyperliquid 24H fees signals a shift in where value is being created in crypto. Instead of only focusing on Layer 1 blockchains, investors and traders are paying closer attention to application-level protocols that generate strong cash flow.

Fee generation is often viewed as a key indicator of product-market fit. Platforms that consistently produce high daily revenue tend to attract more liquidity, developers, and long-term users.

If this momentum continues, Hyperliquid could strengthen its position as one of the leading decentralized derivatives exchanges. Meanwhile, Solana remains a dominant ecosystem player, but the competition for daily fee leadership shows how dynamic the crypto landscape has become.

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