Hyperliquid has exceeded Pump.fun for the past 24 hours in terms of fees, revenues and active users, indicating that the heat of trade in derivatives on the chain is still rising. At a time when the platform had become more active, hype had once reached a record high of 82.43 dollars, and then returned.
24-hour data is full lead.
According to Token Terminal data, Hyperliquid has spent $6.5 million over the past 24 hours, up from $1.5 million in Pump.fun. During the same period, Hyperliquid earned $5.6 million and Pump.fun $1.3 million.
User activity also leads. The increase in the cost of the platform is not only due to a small number of large traders.
Market fluctuations drive contract transactions
It was reported that the recent increase in price volatility has led to more traders adjusting or levelling leverage positions and driving futures markets in Hyperliquid active. In the meantime, a bitcoin silo close to $25 million was liquidated on the platform.
By contrast, Pump.fun is mainly for meme currency transactions. Its Solana application of the recently introduced 0% transaction fee may also stifle the revenue from the Platform's fees.
HYPE's coming back when it's high.
HYPE rose to US$ 82.43 on August 22, with a 52 per cent increase in the week, driven by strong platform data and expectations from the United States market. However, as some of the funds were closed, the coin then fell to 78.42 dollars, a 24-hour drop of about 2.2 per cent.
It was also mentioned that according to Trump recently, Michael Selig, Chairman of the United States Commission for Commodity Futures Trading, was promoting Hyperliquid's “full compliance and legal” access to the United States market. However, Hyperliquid has not been approved by the United States at this time, nor has it been published for a specific go-live.