According to Ai 姨 (@ai_9684xtpa) on Twitter, Hyperliquid has become a major beneficiary of James Wynn's massive $1.2 billion trading positions. Since May, Hyperliquid has accumulated $55.4 million in fees, with a single-day peak of $4.65 million in fees and protocol revenue on May 21, 2025. This record day coincided with James Wynn and another large trader taking opposing $1.2 billion positions, highlighting significant trading activity and liquidity on the Hyperliquid platform (source: @ai_9684xtpa, Twitter, May 26, 2025). For crypto traders, these surging fees signal heightened market activity and liquidity on Hyperliquid, which could impact slippage, trading costs, and overall market dynamics for both retail and institutional participants.

According to Milk Road, on May 2, Pendle increased its protocol yield fee from 3 percent to 5 percent, a strategic move expected to boost revenue by 30 percent (source: Milk Road, May 22, 2025). This fee hike demonstrates Pendle's market strength and could impact liquidity provider returns and token valuations. The change also signals growing confidence among DeFi protocols, potentially influencing similar fee adjustments in the sector. Crypto traders should monitor Pendle’s price action and DeFi fee trends as these shifts may drive volatility and present trading opportunities.