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, monthly perpetual DEX volume reportedly surpassed $1 trillion for the first time as competition intensifies. Source: social media post dated Oct 2, 2025. No independent dataset was cited in the post, so traders should treat the figure as unverified until confirmed by primary dashboards such as DefiLlama Derivatives or Kaiko. Source: social media post dated Oct 2, 2025. For trading, wait for data confirmation and monitor on-chain perps funding rates, open interest, and market share shifts across leading venues like dYdX, GMX, and Hyperliquid to gauge whether flows are sustainable. Source: social media post dated Oct 2, 2025.