The L1 transaction fee landscape has changed: Hyperliquid and BNB Chain now account for 40% and 20% of the fees respectively, while Solana's share has dropped to only 9%.

This year has seen a significant shift in the transaction fee landscape for major Layer 1 blockchains. At the beginning of the year, Solana accounted for over 50% of all transaction fees generated by major Layer 1 blockchains, but today its share has dropped to just 9%. This decline is partially attributed to intense competition from Hyperliquid and BNB Chain.