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What is Hyperliquid - Layer 1 Chain Built for Derivatives

2025-03-18 03:00:28

For much of 2024 and the early part of 2025, the Solana blockchain was the king of generating fees due to its high throughput for retail traders and dominance in the meme coin niche. However, recently another layer 1 network has at times flipped Solana in terms of fees generated, and it’s not Ethereum. Instead, it’s the newcomer on the blockchain - Hyperliquid.

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