HYPE Outpaces SOL: Can a Perps DEX Flip Solana's L1 Crown?
The market-cap gap is still ~38x in Solana's favor, but HYPE's perps volume and fee capture have structurally outgrown what a pure L1 should be earning on-chain.
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The market-cap gap is still ~38x in Solana's favor, but HYPE's perps volume and fee capture have structurally outgrown what a pure L1 should be earning on-chain.
Today’s headlines read less like a market and more like a civilisational stress test — a war economy, a ban posture in Delhi, a rulebook in Washington, and a stablecoin redrawing of money at the edges.
Avalanche and Sui futures go live on the venue that sets the institutional risk-transfer benchmark, deepening the regulated path to alt-L1 exposure.