According to data on the chain, Hyperliquid has achieved consistently better in the past three months than the established Networks Solana (SOL) and Ethereum (ETH) in daily income.
In addition, the Decentralized Protocol for Finance (Defi) has put heavy competition on both networks in terms of reimbursements, which challenges their long -term positions.
Hyperliquid surpasses Ethereum and Solana in daily income
Artemis data reveals that Hyperliquid has been at the top of daily income, while Solana has run behind it in the last three months. Impressive, this leadership is not just a recent milestone. Since February, the protocol has also retained a higher weekly turnover levels.
Hyperliquid vs. Solana and Ethereum. Source: Artemis
In addition, the costs of Hyperliquid have usually surpassed those of Ethereum and Solana in the last three months, except for a few drops. Yesterday, generated reimbursements from the platform rose yesterday to $ 1.7 million.
“Hyperliquid generated $ 1.7 million in reimbursements in 24 hours, and surpassed Solana, Ethereum and Bitcoin in daily transaction costs,” emphasized analyst Mario Nawfal.
In addition to his turning success, Hyperliquid has seen a substantial increase in the total value (TVL) in the same time frame. TVL has risen by 147.6%and reaches $ 370.7 million. This growth also emphasizes the increasing appeal of the platform for users.
An important factor that contributes to the success of Hyperliquid is the increased attention of whale activity on the platform. Remarkable traders such as James Wynn and Qwatio have taken the headlines for their very leverage.
Their transactions led to great profit, but the losses were the same. Even influencer Andrew Tate has registered losses during action on the platform.
Although these examples serve as important lessons about the risks of High Leverage Trade, they have unmistakably Hyperliquid into the spotlight. The increased visibility has also played a key role in Hyperliquid, with an estimated Mindshare of 81.09% in the crypto derivative sector in the past three months.
Hyperliquid Mindshare. Source: Dexu
Moreover, the hybrid model from Hyperliquid is also a key factor, making it a lead over other protocols and contributes to increasing the acceptance of investors.
While hyperliquid continues to attract users, the native token also gains strength. Institutional investors, including Lion Group and Eyenova, have hired the Altcoin as reserve resistant, which further strengthens the credibility of the market.
