Hyperliquid Overtakes Ethereum and Solana in Daily Revenue, Major Avalanche Rally Expected Soon

After a very generous airdrop, Hyperliquid has quickly established itself as one of the leaders of the DeFi space. Attracting users with its very fast speeds and low network fees, Hyperliquid has now overtaken Ethereum and Solana in daily revenue. Analysts expect the HYPE token to surge as the network builds momentum.

Another altcoin picking up pace is Avalanche. The number of transactions on the Avalanche blockchain has increased to more than 1.2 million per day in July, compared to 300,000 per day at the beginning of May. The network activity has been rising as the Avalanche price chart enters a critical zone, which could lead to a major lift-off in price.

Hyperliquid Overtakes ETH and SOL, HYPE Token Prepares for Rebound

Hyperliquid gained massive popularity after its late 2024 launch. It quickly became one of the most popular apps in the DeFi market because of its high speed, low network fees and simple yet feature-rich platform. It has continued to hit one milestone after another.

On July 7, Hyperliquid achieved an incredible $1.7 million daily fees, exceeding both Ethereum and Solana and even Bitcoin. This is a milestone highlighting the interest that users can find in the platform and the number of transactions that occur.

A second indicator that marks the growth of Hyperliquid has been the steady decline in the total HYPE token in circulation. According to on-chain data, the liquid supply of the $HYPE token has decreased from 114 million in the last 90 days to reach 97M.

Although the price of HYPE has not been in consolidation this week, chart analysts believe it is necessary for another major move. According to degennQuant, while $HYPE is in consolidation under $40, it is necessary for the next move that will take the price of Hyperliquid to $50-75.

AVAX Rally Expected As Network Activity Surges

So far in 2025, Avalanche (AVAX) has underperformed the crypto market, losing 45% of its value year-to-date. Despite the poor Avalanche price performance, the network has been recording steady growth behind the scenes.

Nansen released data on X that has shown a significant pump in the daily transactions on the Avalanche network. Avalanche had approximately 300,000 transactions per day in May. However, throughout July, the network has consistently processed over 1.2 million transactions daily. 

An increase in network activity often hints at high investor interest in a crypto. This metric also jumps at a time when the Avalanche price is nearing a critical phase. After more than six months of downtrends that have sent the price of AVAX down to $18, the altcoin could be nearing a major breakout.

CryptoKaleo has explained that Avalanche is due for a squeeze. A decisive break above $19 will kickstart the rally. Fritz believes there is no project with a better narrative than AVAX. After its breakout, he predicts that AVAX could target $70 for the first time since April 2022.

Why Investors Are Keeping An Eye on HYPE and AVAX

Hyperliquid’s success highlights a shift in the DeFi market, as users are shifting to more innovative projects. As more users jump on the project, the HYPE token could muster momentum to extend its rally. Likewise, the stable development of the Avalanche network is good news to AVAX, which has underperformed in 2025.