L1 handling fee pattern has changed: Hyperliquid and BNB Chain ratios increased to 40% and 20%, and Solana dropped to just 9% – BitRss – Crypto World News

ChainCatcher news, according to The Block, the pattern of handling fees generated by regular Layer 1 blockchains has undergone massive changes this year.

At the start of the year, Solana was responsible for more than 50% of the transaction fees generated by mainstream Layer 1 blockchains, but now this share has fallen to just 9%. This decline is partly due to intense competition from Hyperliquid and BNB ($1,104.03) Chain. At the beginning of the year, the combined handling fees generated by Hyperliquid and BNB Chain accounted for approximately 10% of the total handling fees of regular Layer 1 blockchains. As of last week, their respective shares are up over 40% and 20% respectively. This shift can be caused by multiple factors, such as market demand, user preferences and structural changes, which have a significant impact on the flow of funds.

The first clear sign of change was the fading of Solana’s meme coin trading craze, which peaked around the launch of TRUMP ($7.42), and the chain has since failed to regain its former business. In addition, the per unit processing fee for derivatives trading is much higher than that for Meme Coin trading, so the moderate growth of Hyperliquid users and the user growth of BNB Chain through Aster can quickly change the share of processing fees. BNB Chain has also received a large amount of capital flows and activity from retail users thanks to its integration with Binance Alpha and Binance Wallet.