【HYPE Explodes TRX! 24-Hour Revenue Takes the Crown, Who is the Real On-Chain Dominator?】⚡👑

In the past 24 hours, Hyperliquid (HYPE) suddenly surged, raking in $2 million in fees, directly knocking TRX, which has long dominated the charts, off its pedestal!

HYPE's price has slightly increased by 4%, while TRX has been sold off and is experiencing a slight decline.

🔥 Data Highlights:

On-chain transaction volume has skyrocketed, with HYPE jumping from 290 million transactions to 420 million, while TRX has dropped by 100,000 transactions.

In DEX trading volume, HYPE has also made a comeback, officially crushing TRX.

The spot market is even more explosive, with HYPE's trading volume soaring to 9.9 billion, almost breaking 10 billion!

📈 Success Secret:

Attracting a large number of new users, HYPE's independent active addresses have surged to 22,000, while TRX's monthly retention rate is only 4%, struggling to keep users.

😬 There are also hidden dangers:

HYPE's staking volume is decreasing, which means more coins are being released into the market, and there may be short-term pullback pressure.

⚡ In contrast, TRX relies on stablecoins to support its position, with the stablecoin market cap soaring to 71.4 billion, providing a solid foundation, making it not so easy to overtake.

🎯 Summary:

HYPE has hit the headlines, but how long can it maintain its dominance? On one side is the surging new force, and on the other is the old stable powerhouse — the on-chain battle has just begun!