According to The Block, last week's major blockchain fee revenue distribution shows that Hyperliquid leads with approximately 43% market share, with weekly fee income of about $11 million, mainly generated from user opening, holding, and closing positions in perpetual contract trading. In comparison, Ethereum's fee income is about $3 million, accounting for roughly 13%; Solana about $2 million, accounting for roughly 10%. The report states that after the Dencun upgrade, Ethereum's fees have significantly compressed, while Solana, despite having higher DEX trading volume, has not effectively converted high-frequency low-fee Meme trades into fee revenue; Bitcoin's fee income share is relatively low due to a sharp cooling of Ordinals and Runes activities compared to the 2024 peak.