KEYTAKEAWAYS
-
Binance Wallet achieved 57.3% market share, driven by Alpha 2.0 upgrades and incentives, surpassing MetaMask and Trust Wallet in DEX transaction volume.
-
Hyperliquid will roll out new fees and staking tiers on May 5, aiming to lower costs and increase trading volume and platform loyalty.
-
Yua Mikami's meme coin MIKAMI restricts Japanese access, raising legal concerns and highlighting speculative risks tied to celebrity-backed tokens.
CONTENT
BINANCE WALLET HITS 57.3% MARKET SHARE IN TRANSACTION VOLUME
According to KOL Elja, Binance Wallet has reached a record-high 57.3% market share in transaction volume. On April 27, its daily volume hit $92.6 million, surpassing the combined total of all other wallets.
Analysis:
Binance Wallet has overtaken MetaMask, Trust Wallet, and others combined, showing overwhelming dominance in the decentralized exchange (DEX) space.
Since the launch of the Alpha Points system, Binance Wallet’s market share surged from 30%, highlighting the impact of Alpha 2.0 on user activity and liquidity inflow.
HYPERLIQUID TO LAUNCH NEW FEE STRUCTURE AND STAKING TIERS ON MAY 5
On April 29, Hyperliquid announced via its official blog that a new fee structure and staking tier system will go live around 03:00 UTC on May 5. Key updates include:
Staking HYPE tokens will lower trading fees.
Separate fee standards for perpetual contracts and spot trading.
Spot trading volume will count double toward fee tier calculations.
The staking-to-account binding feature is now available on the testnet. This allows users to apply fee discounts from one account’s staking to another trading account. The feature is expected to officially launch shortly after the new system goes live.
Analysis:
Hyperliquid’s update—set for May 5—optimizes trading costs and boosts ecosystem stickiness through HYPE staking, split fee models, and double-counted spot volume.
The account binding feature, now live on testnet, increases flexibility and strengthens user retention. With a 70% perpetual DEX market share ($159B in March), Hyperliquid could push volumes past $200B/month.
HYPE, currently at $17.90, may rise toward $20 due to increased staking demand.
YUA MIKAMI MEME COIN DECLARES NON-SALE TO JAPANESE USERS
On April 29, the team behind Yua Mikami’s meme coin MIKAMI issued a disclaimer stating that the token and its related project are not intended for promotion or sale in Japan, and that MIKAMI will not be sold to Japanese users or market participants.
BlockBeats warns that meme coins generally lack real value, and celebrity-issued tokens come with high uncertainty. Users should exercise caution and await clearer information.
Analysis:
The disclaimer appears to be a legal shield to prevent lawsuits in Japan. With 8.2 million followers, Mikami’s social media presence gives MIKAMI strong promotional power—comparable to Dogecoin’s 15,000% rally in 2021 driven by Elon Musk’s support.
Like most meme coins, community hype and speculation drive short-term value. While MIKAMI leverages celebrity influence to attract retail traders, such tokens carry high risk. BlockBeats’ warning echoes past cases—like the failed NFT project by adult actress Sora Aoi.
Without long-term utility, MIKAMI could follow the same path: a pump-and-crash pattern fueled by hype.
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
