this year, there has been a huge change in the fee structure generated by mainstream Layer 1 blockchains. At the beginning of the year, Solana accounted for over 50% of the fees generated in mainstream Layer 1 blockchains, but now it has dropped to just 9%. This decrease is partly attributed to the fierce competition between Hyperliquid and BNB Chain. At the beginning of the year, the fees generated by Hyperliquid and BNB Chain combined accounted for about 10% of the total fees in mainstream Layer 1 blockchains. As of last week, their respective shares have now exceeded 40% and 20%. This shift may be due to multiple factors such as market demand, user preferences, and structural changes, all of which have had a significant impact on the flow of funds.
