According to the source, Hyperliquid generated the highest blockchain fees over the last 24 hours, with EdgeX second and Tron (TRX) third, as stated in the post. Fees represent the dollar value paid by users for protocol usage and are used as a proxy for on-chain demand and revenue capture, per DeFiLlama Fees and Token Terminal methodology. For trading, monitor whether this fee leadership persists on DeFiLlama Fees and Token Terminal revenue dashboards to assess relative activity between ecosystems, according to these analytics providers. For TRX, Tron processes large stablecoin transfer volumes, providing context for its fee rank, according to Tronscan statistics and TRON network documentation.

According to @ai_9684xtpa, edgeX generated $2.83 million in protocol revenue over the last seven days, equaling 16% of Hyperliquid’s revenue and surpassing Ethereum, Base, Solana, and Lido over the same period, as shown in the shared revenue chart on X. According to @ai_9684xtpa, Hyperliquid climbed from obscurity to a global top-4 position in three years, while edgeX is roughly half a year old, indicating a faster revenue ramp within the perps DEX segment. Based on @ai_9684xtpa’s figures, traders can treat the rising fee share as confirmation of user activity concentration in perps DEX venues and track sector rotations by comparing perps DEX fee share versus L1/L2 fee indexes and ETH/SOL perpetual pairs’ funding and volume trends.

According to @ai_9684xtpa, edgeX generated 2.83 million dollars in protocol revenue over the last seven days, equal to 16 percent of Hyperliquid’s revenue in the same period, highlighting rising traction in on-chain perpetual DEX activity for traders to monitor, source: @ai_9684xtpa. The post states this seven-day revenue total places edgeX ahead of Ethereum ETH, Base, Solana SOL and Lido LDO on protocol revenue leaderboards, which is notable for market share tracking across on-chain derivatives, source: @ai_9684xtpa. It also notes Hyperliquid took three years to move from obscurity to a Top 4 position, while edgeX is roughly half a year old, indicating the competitive gap is narrowing within on-chain perps, source: @ai_9684xtpa.