Solana excessive liquid fluctuated in drawings, but is the “noise” justified?

The permanent, decentralized future trading sector contains a new leader: Hyperleber (HYPE). It was launched in December 2024, and Hyperivizid contains Layer-1 Blockchain, which exceeded Solana in 7 days fees.

What provides its rapid growth, and how does the noise compare to the original distinctive symbol of Solana?

The basic offer for Hyperleiid is the permanent future DeX, which enables traders to reach up to 50x financial lever on BTC, ETH, Sol and other assets. It is fully characterized by the entire Onchain Order book and zero gas fees. Unlike Solana, which supports a wide range of decentralized applications (DAPPS), the HyperleQuid layer is specially designed to improve the efficiency of Defi trading.

Excessive liquid raises central concerns, but the fees accumulate

The original symbol of Hyperleliquid, noise, was launched via Airdrop in November 2024, reaching 94,000 unique titles. This distribution fed the market value of $ 2 billion on the first day, indicating the adoption of a strong society. However, critics like Lawrencechiu14 raised concerns about the central level of the excessive liquid chain, noting that it controls 78 % of the share.

Excessive liquid was $ 12.6 million in weekly fees, exceeding Solana ($ 11.8 million), you see ($ 10.2 million), and Redium (9.8 million dollars), according to Devillaamama. For comparison, Solana took more than three years to reach $ 12 million of fees (March 2024), while Raydium needed 18 months.

Note HyperleiID fee, with only $ 638 million in TVL – Half from Raydium $ 1.25 billion and a small part of UISWAP $ 4.22 billion. UNISWAP got $ 22.8 million in the same period, but the highest TVL confirms the superior liquid margins.

Another disagreement point is a central application programming interface and a closed binary source, According to To Kambenbrik. These issues should be examined closely before determining the noise capabilities in the long run.

HyperLeeliqud has resets, but Solana offers a wide range of DAPPS

All fees in the HyperLELILIIDID fee are reinforced: All fees in society are reinforced, and noise re -purchase and liquidity incentives are financed, according to their documents. On the other hand, Solana fees are distributed through its ecological system, with protocols such as JuPiter and Raydium, each exceeding $ 10 million in weekly revenues. This makes the comparisons directly with the Solana base layer is misleading.

The maximum HyperLiIID market worth $ 6.7 billion – which leads to compensation ($ 4.7 billion) and Jupiter ($ 1.8 billion) – upcoming challenges. The unique code operations begin in December 2025, which is likely to pressure the Hype price. In addition, 47 million noise symbols are appointed to distribute the main shareholders in the first half of 2026, representing 940 million dollars in current reviews.

HyperLiIID height also presses Solana, as it provides some of the best Dexs, including Jupiter, Drinking Protocol, Derivatives Trading. While Solana takes advantage of deep integration with the main web3 wallets such as Phantom and Solflare, as well as a diverse DAPP ecological system that includes the return complexes and liquid liquid, the hyperlessid noise program helps to compensate for these advantages.

For Solana, the real challenge is not just liquid but the broader trend of Defi protocols that launch their classes. If this continues, the demand for the expansion of Solana may weaken. SOL holders must monitor HyperLiIID growth closely and other emerging chains such as berashain, which has already attracted $ 3.2 billion of deposit.

In the near future, Hyperliquid may face competition from BERPS, a permanent future trading platform on Brarachain. While Berps currently deals to less than $ 3 million in daily size, $ 185 million has already accumulated of open interest, indicating increasing interests from merchants.

Currently, the size of the Hyperleiid, which costs 9 billion dollars per day, is still unparalleled in the Dex industry. Through the fee structure and the re -purchase mechanism, it will be difficult for competitors to discharge liquidity through vampire attacks, thus the bullish momentum of the noise.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.