$HOOD
Fading QuicklySnapshot Window: 2026-07-17 06:00 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 8, Retweets: 0, Likes: 8, Impressions: 55
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Honestly, this is might be one of my favourite report to date from both @castle_labs and @KaikoData . And I fully agree that blockspace revenue collapsed once it became abundant. The old model, sell blockspace, attract apps, pray for volume, is broken. Fees collapsed across the
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AI visual note: An infographic from eliSdefi titled "Hyperliquid: When the Chain is the App" illustrates how blockspace revenue collapsed (with apps capturing 90%+ of fees via app fees vs. ~0% gas), how Hyperliquid's vertical model (Hyperliquid Perp DEX + L1 + HIP-3 markets) generated $960M in 2025 revenue and $881M in trading fees, and why vertical architecture beats horizontal scaling by owning the core product, share in high-margin activity, and capturing stronger economic moats. The visual reinforces the post's point that the old "sell blockspace" model is broken as fees collapsed across chains when blockspace became abundant.