Solana Updates Today: Blockchain Evolution: Specialization Challenges Solana's Lead in Fee Structure

Bitget App

Trade smarter

Bitget

News

Markets

Solana Updates Today: Blockchain Evolution: Specialization Challenges Solana's Lead in Fee Structure

Bitget-RWA2025/10/29 07:46

By:Bitget-RWA

- Solana's blockchain transaction fee market share dropped to 9% in 2025, down from over 50%, as Hyperliquid and BNB Chain gained traction with specialized applications and faster execution. - Hyperliquid, a derivatives-focused chain, achieved $20.19M weekly revenue and $2.41B TVL, outpacing rivals with $58.08B in perpetual trading volume and expanding short positions to $690M. - BNB Chain solidified its retail DeFi/gaming dominance in Asia, while Solana prioritized scalability upgrades and institutional p

Solana has seen a significant drop in its share of blockchain transaction fees, falling into single digits for the first time in 2025, as reported by

FinanceFeeds

. The network now accounts for roughly 9% of total fees, a dramatic decrease from its position above 50% earlier this year. This decline is largely due to increased competition from high-performance blockchains such as Hyperliquid and

BNB

Chain, which are drawing both traders and developers with their specialized features and faster transaction speeds.

Hyperliquid, which specializes in derivatives, has quickly become a major competitor, attracting large amounts of liquidity and seeing rapid revenue growth. According to

Coinotag

, the platform generated $20.19 million in revenue over the past week and saw $25 million in stablecoin deposits, pushing its total value locked (TVL) above $2.41 billion. Its perpetual trading volume reached $58.08 billion in the last week, surpassing competitors like

Aster

, as Coinotag highlighted. At the same time, BNB Chain is strengthening its presence in retail DeFi and gaming, maintaining a strong user base throughout Asia and other emerging regions, according to FinanceFeeds.

Solana Updates Today: Blockchain Evolution: Specialization Challenges Solana's Lead in Fee Structure image 0

Despite Solana's reduced fee share, this does not necessarily indicate a decrease in overall activity. The network remains among the leaders in both transaction volume and daily active users. However, the shift in user participation points to a more mature blockchain sector where value is increasingly distributed across various platforms. Solana's development team is now prioritizing upgrades to boost scalability and DeFi capabilities, including new stablecoin support and institutional-grade trading solutions, as noted by FinanceFeeds.

In this competitive environment, the introduction of Bitwise's

Solana

Staking ETF (BSOL) has brought renewed energy to the market. The ETF, which launched with a 0.20% management fee (waived for the first three months), attracted $69.5 million in initial investments, surpassing the debut of Rex-Osprey's Solana ETF, according to

Decrypt

. BSOL provides direct access to Solana's staking rewards, aiming for an average yield above 7%, as reported by

Coinotag

. The strong performance of the ETF highlights growing institutional interest in blockchain assets, with JPMorgan predicting that Solana ETFs could see up to $6 billion in inflows during their first year, according to

CryptoNews Australia

The ascent of Hyperliquid also mirrors broader trends in decentralized derivatives markets. Abraxas Capital, a significant participant, has increased its short positions on the platform, with total exposure now at $690 million, according to

Coinotag

. Hyperliquid's recent $1 billion treasury initiative and its listing on Robinhood have further accelerated its expansion, pushing the HYPE token above $47 and setting the stage for a possible retest of its record high of $59, as Coinotag previously reported.

The changing landscape of transaction fees and ETF launches signals a move toward a multi-chain future, where growth is driven by specialization and interoperability. Although Solana's dominance has lessened in the short term, its technical strengths and active developer base ensure it remains a significant force. The next few months will be pivotal as Solana, Hyperliquid, and BNB Chain compete for liquidity and users in an increasingly diverse market, according to FinanceFeeds.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Bitcoin rebounded from $79,500 to $88,000 amid mid-sized wallet accumulation and ETF inflows, signaling potential market stabilization. - BlackRock ETF holders regained $3.2B profits as price reclaimed $90K, shifting institutional sentiment despite whale selling. - On-chain data shows mid-sized wallets (10–1,000 BTC) stabilizing prices, contrasting with whale outflows and leveraged futures liquidations. - Technical indicators cap Bitcoin below $105K EMAs, with $97K–$98K liquidity pocket as next critical

Bitget-RWA•2025/11/30 09:50

Bitcoin News Update: Bitcoin Surges Back to $90K—Is This a New Beginning or Just a Pause in the Bear Market?

Visa’s Embrace of Blockchain Technology Updates the Worldwide Payment System

- Visa partners with Aquanow to expand stablecoin settlements in CEMEA, enabling faster cross-border payments via USDC and reducing operational costs. - The initiative scales to $2.5B monthly volume after a 2023 pilot, modernizing payment infrastructure by eliminating intermediaries and weekend delays. - Aquanow's institutional-grade crypto expertise supports Visa's digital asset ambitions, aligning with broader industry trends toward blockchain adoption. - While competitors like Mastercard advance stablec

Bitget-RWA•2025/11/30 09:50

Visa’s Embrace of Blockchain Technology Updates the Worldwide Payment System

Uzbekistan’s 2026 Stablecoin Initiative Seeks Expansion While Enforcing Rigorous Regulation

- Uzbekistan will legalize stablecoin payments and tokenized securities under strict 2026 regulations, marking a shift from prior crypto restrictions. - A regulatory sandbox will test stablecoin systems and develop tokenized markets, aligning with its Digital Uzbekistan 2030 innovation strategy. - The central bank will oversee risks, requiring all crypto transactions to flow through licensed providers with mandatory customer identification since 2023. - This controlled approach aims to attract foreign inve

Bitget-RWA•2025/11/30 09:50

Uzbekistan’s 2026 Stablecoin Initiative Seeks Expansion While Enforcing Rigorous Regulation

Bitcoin News Update: S&P 500 Maintains Its Criteria, Leaves Out Bitcoin-Focused MSTR

- S&P 500 excludes MSTR for third time, citing reliance on Bitcoin assets over operational revenue. - MSCI reviews crypto-heavy firms, proposing 50% asset threshold for benchmark removal to maintain sector balance. - Saylor defends MSTR's corporate identity but acknowledges financials resemble investment vehicles with minimal software revenue. - Index providers prioritize operational stability and profitability, contrasting MSTR's volatile Bitcoin-linked earnings and losses. - Market context shows S&P 500

Bitget-RWA•2025/11/30 09:50