Solana News Today: Hyperliquid Surpasses Solana in July Revenue with $34M Earnings

Hyperliquid, a high-performance decentralized exchange (DEX), has surpassed Solana in monthly revenue generation, marking a significant turning point in the competitive DeFi landscape. In July, Hyperliquid reportedly generated $34 million in revenue, outperforming Solana, a blockchain network that has long been a dominant player in the DeFi ecosystem [1]. The shift is attributed to Hyperliquid’s growing appeal among liquidity providers and traders who are prioritizing platforms offering deeper order books and reduced slippage. The performance indicates a growing demand for decentralized exchanges that provide high-speed execution and lower fees compared to centralized alternatives.

Meanwhile, Solana, while still attracting developers, reported a decline in trading volume by over 12% in July. This has sparked speculation among investors and analysts about whether the altcoin’s influence in DeFi is under threat from newer, more agile platforms like Hyperliquid. As the crypto market continues to evolve, factors such as transaction speed, scalability, and low gas fees are becoming increasingly critical in shaping user preferences. Traders are showing a clear inclination toward platforms that offer real-world utility and cost efficiency, especially in DeFi and crypto staking [2].

In parallel, Remittix is preparing to enter the crypto wallet space with a beta version of its cross-chain DeFi wallet, set to launch in Q3 2025. The platform is positioning itself as a direct competitor to major wallet providers such as Coinbase, MetaMask, and Binance. The Remittix wallet aims to facilitate direct bank-to-crypto transfers across 30+ countries, supporting over 40 cryptocurrencies and 30 fiat currencies. The wallet will feature real-time foreign exchange (FX) conversion and transparent fee structures, emphasizing real-world utility over speculative trading.

What sets Remittix apart is its focus on mass adoption. The platform targets businesses, freelancers, and remittance senders by providing a mobile-first solution that simplifies cross-border payments. Unlike many early-stage crypto projects that rely heavily on speculation, Remittix’s beta wallet is built on existing payment infrastructure, offering tangible value to users from the outset. The project has already raised over $18.5 million through its presale, with 586 million tokens sold, indicating strong early investor confidence [1].

The Remittix token (RTX) operates on a deflationary model designed to provide long-term value to holders. The platform also offers a 40% bonus on token purchases, incentivizing early adoption. With whales and institutional interest emerging, the platform is seen as one of the most promising DeFi projects of 2025. Analysts note that the project reflects a broader trend toward utility-driven crypto innovation, where real-world use cases are increasingly becoming a key driver of adoption [2].

Together, Hyperliquid’s outperformance of Solana and Remittix’s wallet launch signal a broader structural shift in the crypto ecosystem. Smaller, agile platforms are now able to compete with industry giants by leveraging cutting-edge technology and user-centric design. As a result, the DeFi space is becoming more diverse, with platforms catering to a wide range of user needs—from high-speed trading to cross-border remittances. These developments suggest that the future of crypto will be shaped not only by technological advancement but also by the ability to deliver real-world value and user control.

Source:

[1] Magnificent Growth Stock Down 72% to Buy and Hold... (https://www.mitrade.com/insights/news/live-news/article-8-1026897-20250810)

[2] Hyperliquid Flips Solana in July Revenue Generated, Remittix... (https://www.mitrade.com/au/insights/news/live-news/article-3-1026899-20250810)