Hyperliquid and BNB Chain Dominate L1 Fees as Solana Declines
The layer1 blockchain fee landscape has undergone a dramatic transformation in 2025, with Solana losing its dominant position to emerging competitors. Solana generated over 50% of major L1 fees earlier this year but now accounts for just 9% of the total as Hyperliquid and BNB Chai capture market share.
