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![DamiDefi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::552936387.png) Dami-Defi [@DamiDefi](/creator/twitter/DamiDefi) on x 91.8K followers
Created: 2025-07-19 07:37:03 UTC

Hyperliquid is now doing $6M in daily fees on $19B in perp volume.

$ETH pairs alone are doing $5.9B vs BTC’s $5.1B.

Let that sink in.

Is it even a debate where the real volume lives now?

![](https://pbs.twimg.com/media/GwNEGzTaAAAhSm7.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946474350800158796/c:line.svg)

**Related Topics**
[$51b](/topic/$51b)
[$59b](/topic/$59b)
[pairs](/topic/pairs)
[$eth](/topic/$eth)
[perp](/topic/perp)
[$19b](/topic/$19b)
[$6m](/topic/$6m)
[hyperliquid](/topic/hyperliquid)

[Post Link](https://x.com/DamiDefi/status/1946474350800158796)