Solana vs Hyperliquid: Which Blockchain Holds the Edge

Solana and Hyperliquid are two of the fastest and cheapest blockchains around. Solana has a market cap of $47 billion, while Hyperliquid's is $17 billion.

Hypeliquid targets a much smaller segment than Solana, which aims for a very large swath of potential users.

Solana generates $6.8 million per day in ecosystem fees, but those fees mostly go to ecosystem applications, so the slice that flows back to the coin's holders is modest.

Hyperliquid takes the opposite approach, with 99% of its revenue pool moving through an automated fund that buys HYPE coins on the open market and removes them from circulation. The protocol itself retains the rest to pay for expenses.