Solana's transaction fee market share has fallen to 9%, while Hyperliquid and BNB Chain are rising to lead the L1 blockchain market.

With the surge in derivatives trading activity, Hyperliquid and BNB Chain have captured 40% and 20% of the mainstream first-layer blockchain transaction fee market, respectively, while Solana's share has fallen from over 50% at the beginning of the year to just 9%.