Hyperliquid leads in weekly on-chain fee revenue, highlighting the value capture capability of vertical app-chains

Odaily reported that data shows Hyperliquid captured approximately 43% of the market share in major blockchain fee revenue last week, ranking first with about $11 million in fee income.

On-chain fees reflect a network's actual value capture ability more accurately than trading volume. Hyperliquid's fees primarily come from perpetual contract trading, where users pay related fees during the processes of opening, holding, and closing positions.