Hyperliquid Flips Solana By FDV As ‘Revenue Chains’ Race Heats Up

May 21, 2026 - 10:00
Hyperliquid Flips Solana By FDV As ‘Revenue Chains’ Race Heats Up
Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains. Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around...

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