According to @ai_9684xtpa, two addresses linked to a suspected 10/11 flash-crash short generated approximately $814,000 in trading fees for Hyperliquid from just three trades over 13 days; source: x.com/ai_9684xtpa/status/1981173273967890606. The author notes that if this insider whale continues opening positions on Hyperliquid, the exchange will keep earning significant fee revenue; source: x.com/ai_9684xtpa/status/1981173273967890606. For comparison, the post states that trader James Wynn contributed about $2.31 million in fees across 38 trades over 75 days, setting a benchmark the new address could reach; source: x.com/ai_9684xtpa/status/1981173273967890606. The post further argues that high-volume traders such as James Wynn, qwatio, and AguilaTrades act as effective marketing and recurring revenue streams for trading venues; source: x.com/ai_9684xtpa/status/1981173273967890606.

According to the source, Hyperliquid generated over 20 million dollars in fees today and outpaced Ethereum (ETH) and BNB Chain, but traders should confirm the claim using DeFiLlama’s Fees dashboard and CryptoFees.info before acting, given these platforms aggregate chain-level fee data reliably (source: DeFiLlama, CryptoFees.info). Cross-check Hyperliquid’s on-chain fee totals via its official explorer or API and benchmark against Ethereum gas and fee metrics on Etherscan and BNB Chain data on BscScan to validate any rank-by-fees comparison (source: Hyperliquid explorer or API, Etherscan, BscScan). If the surge is confirmed, align trades by monitoring funding rates, open interest and basis on CoinGlass and gauging BTC and ETH implied volatility on Deribit to position around potential volume-driven moves with appropriate risk controls (source: CoinGlass, Deribit).

According to the source, BNB Chain reportedly led all networks in 24-hour fees, with Hyperliquid and Solana following, signaling elevated demand for blockspace that traders often track as a momentum indicator. Source: the source. Traders should independently verify the fee ranking and absolute fee levels before positioning, using CryptoFees, Token Terminal, and Artemis for real-time protocol revenue and fee data. Source: CryptoFees, Token Terminal, Artemis. For BNB and SOL, monitor on-chain DEX volumes, active addresses, and TVL to confirm sustained activity that historically aligns with higher fee prints. Source: DefiLlama, Artemis. For Hyperliquid, track open interest, funding rates, and taker volume to gauge perp demand and basis moves that can influence broader altcoin liquidity conditions. Source: Hyperliquid Analytics, CoinGlass.

According to @KookCapitalLLC, Hyperliquid is still dominating protocol fee generation and they signaled $100+ coming in a post dated Aug 10, 2025. Source: Twitter/@KookCapitalLLC. Sustained leadership in on-chain fees typically corresponds to higher user activity, trading volume, and liquidity depth on a DEX, which can support tighter spreads and deeper markets. Source: Token Terminal metrics methodology. Before positioning, traders can validate fee share and revenue trends for Hyperliquid versus perpetual DEX peers using public dashboards. Source: DeFiLlama Fees and Revenue. Key trading checks include 24h and 7d fees, open interest, funding rates, and volume concentration on Hyperliquid relative to sector benchmarks. Sources: Hyperliquid analytics; Coinalyze derivatives data.

According to @KookCapitalLLC, Hyperliquid's trading fees have reached an annualized rate of $1.15 billion, indicating massive user activity and strong revenue generation for the platform. This significant fee growth suggests increased trading volumes in derivatives markets, which could impact liquidity and pricing on BTC, ETH, and other crypto assets. Traders should monitor fee structures as high costs can affect net returns, especially for frequent trading strategies (Source: KookCapitalLLC on Twitter, June 12, 2025).

According to Flood (@ThinkingUSD) on Twitter, rumors suggest that Hyperliquid's upcoming season points program may introduce negative trading fees, making it significantly more cost-effective compared to other exchanges where trading fees could increase in relative terms. For active traders, this potential shift means executing trades on Hyperliquid could not only eliminate fees but potentially provide rebates, directly impacting trading profitability and exchange selection. These developments underscore the importance of monitoring Hyperliquid’s official announcements for fee structure updates and considering the competitive edge this may offer for high-frequency and volume traders (Source: @ThinkingUSD, Twitter, April 28, 2025).