You Won’t Believe Which Crypto Just Outperformed Tron in Fee Generation!

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  • In a dramatic turn of events, TRX, once the undisputed leader in fee generation, has been dethroned by none other than Hyperliquid (HYPE) in just 24 hours.
  • A comparison reveals that Hyperliquid might just have enough gas in the tank to leave Tron behind for good.

In a plot twist that no one saw coming, Hyperliquid [HYPE] soared with a price surge of 4.03%, while poor old Tron [TRX] barely managed to hold on, losing a pitiful 0.12% in value. A true David vs. Goliath story, if you ask me. 🙄

The recent market activity across Hyperliquid’s protocol has sparked this dramatic surge in HYPE’s value, allowing it to surpass TRX in terms of fees generated. And according to experts, it could keep this up… but there’s a catch. 🤔

How HYPE Steals the Spotlight from TRX

In the past 24 hours, Hyperliquid has taken the lead, generating the most fees in the market—leaving Tron in the dust. A throne that Tron had been sitting on for quite some time, mind you.

According to Artemis data, Hyperliquid raked in a respectable $2 million in fees, while Tron trailed behind, managing only $1.9 million. The difference, though small, could widen if the current trend continues. Who’s counting the pennies now, eh, Tron? 💸

While that $100,000 difference might seem trivial, analyses suggest HYPE is well-positioned to stretch that gap. I mean, it’s not just a lucky break; it’s a market shift. 😎

AMBCrypto’s deep dive into the data suggests that the reason for Tron’s slump and Hyperliquid’s rise lies in one key factor: transactions. Yes, dear reader, numbers don’t lie. 📊

In the past 24 hours, HYPE’s transactions soared from 296.3 million to 424.5 million. Meanwhile, poor Tron saw a modest drop from 8.5 million to 8.4 million. Not exactly the triumphant return we were hoping for. 🥴

In terms of decentralized exchanges (DEXs), Tron showed no real excitement, maintaining a flat trading volume at $163.6 million for two days. On the flip side, Hyperliquid’s volume climbed from $153.9 million to $169.4 million, leaving Tron in its wake. 🏃‍♂️💨

In a truly show-off moment, Hyperliquid’s overall volume surged from $6.6 billion to $9.9 billion. Nearly double digits! We can practically hear the confetti falling. 🎉

What’s fueling HYPE’s meteoric rise? Well, it’s attracting new on-chain users, with a remarkable 22.1k unique users signing up. Compare that with Tron’s average monthly retention rate of 4%. Talk about a popularity contest! 😏

If these numbers keep climbing, Hyperliquid might just give Tron a run for its money. But hold your horses—there’s a catch. ⏳

While HYPE is riding high, some market indicators suggest the honeymoon might not last forever. HYPE’s rising supply could pose a problem, as staked Native (the total amount staked in HYPE) has been steadily declining. From a peak of 429.7 million, it’s now down to 416.7 million. That’s 13 million HYPE flooding the market. Not exactly a recipe for price stability, is it? 🧐

Interestingly, Tron is not exactly sulking in a corner. Its stablecoin reserves have reached an all-time high of $71.4 billion. That’s a lot of money, folks, and it could signal a potential rally to the upside for TRX. But will it be enough to reclaim its throne? We’ll have to wait and see. ⏳

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2025-04-26 07:08