Market-wide fee revenues have reshuffled sharply over the past year: Hyperliquid and BNB Chain now dominate the leaderboard, while Ethereum’s position has weakened compared with last autumn.
Leaders by fees
Hyperliquid has surged to the very top in fee revenue thanks to rapid growth in volumes and active traders, as reflected by protocol analytics and on‑chain metrics.
BNB Chain remains among the most profitable networks due to aggressive cost optimization and higher throughput, sustaining strong activity and fee generation.
Ethereum’s decline
Ethereum’s commission revenue has fallen noticeably versus a year ago, which is evident in the latest October rankings.
Power shift
Over the year, leadership has shifted from legacy networks to newer protocols: emerging L1/L2s and specialized ecosystems like Hyperliquid are pulling in liquidity and user activity, increasing their share of total fees.
Bottom line
The October 2025 top‑10 by fees looks very different from October 2024: HYPE and BNB Chain have pulled ahead, while Ethereum has ceded ground, underscoring how quickly networks compete for users and liquidity.
