Solana retreats against Hyperliquid in the explosive battle of crypto revenues

The crypto market has just crossed a symbolic milestone. For the first time, Hyperliquid surpassed Solana in fully diluted valuation (FDV), an indicator increasingly scrutinized by institutional investors. Behind this duel of numbers lies a much deeper transformation: the emergence of "revenue chains," capable of generating massive financial flows through trading and on-chain finance.

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