Hyperliquid, Tron, and Ethereum have the highest blockchain fees, suggesting increased use in DeFi, trading, and payment infrastructure.
Despite rising market transaction volumes, on-chain analytics showed that users and TVL in different blockchains increased over the quarter. The trends represent the resilience of the existing players as well as the rapid pacing of the emerging networks.
Hyperliquid Takes the Top Spot with $294 Million in Fees
Hyperliquid ($HYPE) was the top in terms of the fees collected in Q3 of $294 million, complemented by 344,000 active addresses and a TVL of $4.3 billion.
The high performance of the network underscores its increasing popularity with high-frequency traders and users of DeFi who require essential infrastructure at faster speeds.
The emergence of Hyperliquid is especially interesting considering that it doesn’t have as many users as other chains of the same size. This is indicated by the fact that its transaction value is high per address, and thus it may have a lot of institutional or automated trading activity, and it is one of the fastest-growing ecosystems of 2025.
The Hyperliquid network’s performance suggests that next-generation platforms are challenging old leaders in Layer-1 and Layer-2 ecosystems for efficiency and profitability.
Tron and Ethereum Maintain Dominance Across Users and Liquidity
Tron ($TRX) has made $159 million in fees. It registered 14.7 million addresses and had a value locked (TVL) of $6.4 billion. It is very strong when it comes to stablecoin deals.
Meanwhile, Ethereum ($ETH) was ranked third with a fee amounting to $125 million amidst stiff competition by newer chains. Ethereum is the foundation of decentralized finance and tokenized assets with 8.8 million active addresses and an impossible-to-believe TVL of $157 billion.
People still depend on the network to operate smart contracts because it can maintain charging constant fees while decreasing average costs through gas optimization and migrating to Layer 2.
The institutional integrations and the ecosystem of developers are the strongest facets of Ethereum that have made it an operational key infrastructure layer in Web3 innovation.
Solana, BNB Chain, and Base Expand Ecosystem Activity
Solana ($SOL) was second to come with earnings of fees totaling $122 million and active addresses of 38.4 million and TVL of 26.4 billion. Solana remains the leader in terms of volumes of NFT and memecoin transactions, attracting developers and regular users in large numbers.
BNB Chain, the main network in Binance, has recorded a substantial amount of 44.2 million generated fees, supported by 58 million active addresses and TVL worth 11.5 billion. As the BNB coin has recently hit an all-time high, the ecosystem within the network is growing fast in terms of memecoins, DApp, and decentralized exchange.
The Layer-2 solution Base, which was created by Coinbase, was also performing well with the 16.4 million fees on 14.7 million active addresses and $5.4 billion TVL (refer to the increasing number of retail users).
Emerging Chains Gain Traction Following Hyperliquid’s Path
Osmosis (7.1M), Arbitrum (6.2M), and Sui (3.8M) appeared further down the list as they had consistently developed over the past years and were used by DeFi-native communities.
Injective (3M), Avalanche (2.8M) and Linea (1.9M) were good as well. Unichain (1.7M) and Ton (1.4M) continued to expand their user base and developer base.
The 2025 Q3 numbers represent some significant components of the blockchain world. The fees collected indicate the worth and activity of the network when on-chain economies increase. This is a health sign.
In the next quarter, a large number of people will be interested in whether Hyperliquid will maintain its leading position or Ethereum and Solana will regain part of their market share in blistering Web3 economy.
