Hyperliquid surpasses Solana in weekly fees. Will HYPE price surge? Hyperliquid, the decentralized perpetual futures trading platform, has overtaken Solana in weekly fees just a few months after its launch.According to DefiLlama’s Feb.28 data, Hyperliquid Hyperliquid

hype

-6.71%

Hyperliquid made $12.61 million in fees over the last week, more than Solana’s Solana

sol

-7.94%

Solana $11.8 million. This was the case even though Solana’s $7.1 billion total value locked is ten times greater than Hyperliquid’s $669 million TVL. Hyperliquid’s TVL has increased by 294% since December and by 55% since January.

Hyperliquid’s decentralized finance-native trading features are responsible for its success. The platform provides traders with a fully on-chain order book, zero gas fees, and up to 50x leverage on assets including BTC, ETH, and SOL.

This emphasis on trading efficiency sets Hyperliquid apart from Solana, which isn’t specifically designed for DeFi but supports a variety of decentralized applications.

As of now, HYPE’s price stands at $20.194. The Exponential Moving Average (EMA 9) indicates a slight bearish trend, with the price hovering around or below the line. The Relative Strength Index (RSI 14) is at 51.21, signaling neutral momentum, but leaning toward weakness. #qasimmughal