fee

According to The Block, the ranking of fee revenue from major blockchains last week showed a different pattern compared to the original activity metrics. Hyperliquid led all public chains with approximately $11 million in fee revenue, accounting for about 43% of the market share. Its fees primarily come from perpetual contract trading activities, where users pay fees for opening, holding, and closing positions.Over the past year, Hyperliquid's market share has significantly increased as derivatives traders rapidly migrated to its dedicated infrastructure. In contrast, Ethereum's fee revenue was about $3 million, accounting for approximately 13%, with revenue sources covering a broader mix including DeFi interactions, smart contract executions, and token transfers. Solana's fee revenue was about $2 million, accounting for around 10%, showing a significant gap compared to its DEX trading volume share, indicating that high-frequency, low-fee meme coin trading has not effectively converted into fee revenue.

According to Ai Yi's monitoring, GMGN is suspected of settling 3,000 BNB in transaction fees, worth 2.04 million dollars. 45 minutes ago, the GMGN fee-related address (0x38d...23866) deposited 3,000 BNB to Pionex, marking the first transfer of fees to this exchange in two months. Currently, this address still holds BNB, ETH, and USDC worth 12.45 million dollars.

ZKsync's official announcement stated that following several ZK token governance proposals, the governance service provider ScopeLift has now launched the "ZK Fee Flow System" proposal on the forum. This system is a set of smart contract mechanisms that allow ZKsync Governance to route and allocate protocol revenue and fees through its controllable on-chain mechanisms. ZKsync indicated that the relevant forum post has detailed the contract architecture, operational mechanisms, security measures, and deployment addresses of the system.

The new crypto bank and non-custodial financial application Tria announced a 50% reduction in futures trading fees on its platform, with the rate dropping from the original 0.1% to 0.05%.It is reported that this fee reduction applies to all contract trades made by users within the Tria app through integrated protocols (including Decibel and Hyperliquid), aiming to further lower users' trading costs.

Crypto.com announced that its UAE entity Foris DAX Middle East FZE has obtained a Stored Value Facility (SVF) license issued by the Central Bank of the UAE, becoming the first virtual asset service provider (VASP) in the region to receive this license. With the acquisition of this license, Crypto.com will officially launch its collaboration with the Dubai Ministry of Finance, allowing UAE residents to use crypto assets to pay for government service fees.Related fund settlements will be conducted in UAE Dirhams or in Dirham stablecoins approved by the Central Bank of the UAE. Additionally, after obtaining regulatory approval, Crypto.com also plans to advance the integration of crypto payments with Emirates Airlines and Dubai Duty Free based on this license.

The silly dragon king responded to "weekly interest income of $500,000," and the Binance screenshot he released shows that the account earned a total of $125,000 in funding fees over the past 6 days.

According to BBX data, yesterday Wall Street institutions made a significant breakthrough in retail crypto layout, and today the dual verification point of the earnings season is approaching. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) disclosed via Bloomberg on May 6 that its ETrade platform officially launched a pilot for crypto spot trading, with a fee structure of 50 basis points per transaction amount, lower than Coinbase (retail rates vary by tier and payment method, potentially exceeding 50 basis points), Robinhood (approximately 100 basis points, according to media estimates), and Charles Schwab (75 basis points); initially supporting three major assets: BTC, ETH, and SOL, with liquidity, custody, and settlement services provided by Zerohash; the pilot is currently aimed at a select group of users, with plans to open to all 8.6 million ETrade customers by the end of 2026. Head of Wealth Management Jed Finn characterized this move as "reverse disruption of disruptors," and Morgan Stanley is simultaneously advancing its application for a national trust bank license to achieve self-custody, with plans to launch Ethereum and Solana spot ETFs.Coinbase Global, Inc. (NASDAQ: $COIN) will release its Q1 2026 earnings report after the market closes today (May 7), with the earnings call scheduled for 2:30 PM (PT); analyst consensus expects Q1 revenue of approximately $1.5 billion (a year-on-year decrease of about -26%), and EPS of about $0.23---$0.36 (a significant decline from $1.94 in the same period last year); the relative resilience of subscription and service revenue (including stablecoins, custody, and staking) will be the core metric of most interest today.Block, Inc. (NYSE: $XYZ) will release its Q1 2026 earnings report after the market closes today (May 7), with an earnings call at 2:00 PM (PT); analyst consensus expects revenue of approximately $6.04 billion to $6.11 billion (a year-on-year increase of +5.79%), and EPS of $0.68 (an increase of about 21% from approximately $0.56 in the same period last year); consensus for Bitcoin ecosystem revenue is expected to be about $2.11 billion (down from $2.30 billion in the same period last year); Evercore ISI maintains an "Outperform" rating with a target price of $96 (implying about 35% upside from the current stock price of $70.92), focusing on the recovery progress of the fundamentals of the two major business lines, Square and Cash App.

According to Bloomberg, Morgan Stanley is piloting cryptocurrency trading services on its E*Trade platform, charging a fee of 50 basis points on each crypto transaction based on the transaction amount, which is lower than major competitors like Coinbase, Robinhood, and Charles Schwab.Approximately 8.6 million E*Trade customers are expected to have access to this feature by the end of the year. The report noted that Morgan Stanley has been continuously expanding in the crypto space over the past year, having launched the lowest-fee Bitcoin ETF, plans to launch Ether and Solana ETFs, and applied for a national trust bank license to provide digital asset custody, with future support for institutional clients trading tokenized stocks.

According to the official announcement, to further enhance market liquidity and user trading experience, Bitget has launched exclusive fee rate discounts for contract market makers, covering stock, precious metals, commodities, and index contract currency pairs. The Taker fee rate for the above currency pairs has been uniformly adjusted to 0.0065%, and the event will end on June 30. For more details, please refer to the Bitget official platform.

According to Forbes, the Bitcoin mining company GoMining plans to launch its Bitcoin native payment protocol GoBTC, based on its own block production, at the Consensus conference.The protocol offers users instant authorization and settlement on the Bitcoin mainnet within a few hours, charging merchants a fee rate of 0.2%, which is an order of magnitude lower than the 1.5% to 3.5% rates of Visa and Mastercard.

Telegram founder Pavel Durov posted on the X platform that the TON network transaction fees have been reduced by 6 times.He also revealed that Telegram will replace the TON Foundation as the largest validator of the network and plans to launch new development tools and performance upgrades in the next 2 to 3 weeks.

The core institution for custody and settlement in the U.S. market, the Depository Trust & Clearing Corporation (DTCC), announced that it will begin facilitating preliminary, limited real asset production transactions in July 2026, with a full launch of its tokenization services in October. This service was approved at the end of last year through a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), allowing DTCC to provide participants with the ability to tokenize specific high liquidity assets on a pre-approved blockchain during a three-year authorization period. These assets include components of the Russell 1000 Index, ETFs tracking major U.S. stock indices, as well as U.S. Treasury securities, notes, and bonds.DTCC President and CEO Frank La Salla stated, "We believe that tokenization will significantly change the way markets operate, bringing new levels of liquidity, transparency, and efficiency to investors." More than 50 companies are set to participate in DTCC's industry working group, including Morgan Stanley, Nasdaq, Kraken's parent company Payward, and Robinhood Markets, while companies like BlackRock and Circle have provided feedback. As financial firms explore bringing traditional assets onto the blockchain, interest in tokenization has surged, and this shift is expected to enable 24/7 trading and faster settlement speeds.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has noted Iran's threats to shipping and its demands for "tolls" to ensure safe passage through the Strait of Hormuz. These demands may include various payment methods, such as fiat currency, digital assets, offset arrangements, informal swaps, or other physical forms of payment, such as nominal charitable donations to the Iranian Red Crescent Society, the Bonyad Mostazafan Foundation, or accounts of Iranian embassies.OFAC issued this warning to remind U.S. and non-U.S. entities that making payments to the Iranian regime or seeking passage guarantees carries sanctions risks, regardless of the payment method. Under U.S. sanctions regulations, U.S. entities and their foreign entities that are owned or controlled are generally prohibited from engaging in transactions with the Iranian government, including providing or receiving services, unless exempted or authorized. Additionally, U.S. entities are also prohibited from engaging in transactions with the Islamic Revolutionary Guard Corps (IRGC), which is listed on multiple sanctions lists and designated as a foreign terrorist organization.U.S. entities are also generally prohibited from trading with Iranian digital asset trading platforms, which are considered sanctioned Iranian financial institutions. Furthermore, non-U.S. entities that engage in unauthorized transactions with the Iranian government or IRGC may also face sanctions risks, including "secondary sanctions" on relevant financial institutions, restricting their access to the U.S. financial system. Conducting business with sanctioned Iranian digital asset trading platforms may also be viewed as supporting Iran's sanctioned financial system and could lead to sanctions. If relevant transactions result in U.S. entities (such as insurance companies, reinsurance firms, or financial institutions) violating sanctions regulations, non-U.S. entities may also face civil or criminal liability.

The stablecoin one-stop wallet UU Wallet today announced the launch of the 15-day "UU Travel Season" event. During the event, users who complete their first travel-related purchase using the UU Visa virtual card or physical card will receive a $5 cashback. Supported platforms include major global travel and transportation service providers such as Uber, Grab, Booking.com, Airbnb, and Trip.com.In addition, to lower the access threshold for users, UU Wallet will implement a limited-time policy of waiving the card activation fee for virtual cards during the event. New users can activate and use the card for free after completing real-name authentication, and existing users can also activate their accounts without upfront costs during this period.It is reported that UU Wallet is committed to providing global payment and remittance services centered around stablecoins, and has already launched Visa card and cross-border remittance functions. This event is a core initiative to promote the "daily use of on-chain dollars" and user growth in the second quarter of 2026. In the future, the platform will continue to enhance its product matrix around payment, exchange, and wealth management services related to stablecoins.

The Hyperliquid team has updated the official documentation, clarifying the fee logic for result tokens in HIP-4. Key points include: opening positions is free, with fees only charged upon closing or settlement; it covers six scenarios including minting (no fees), normal trading, burning, and settlement, with fee logic varying by payer; aligned quote tokens can enjoy a 20% reduction in taker fees. The fee formula is now publicly available to developers.

A class action lawsuit accuses Believe founder Ben Pasternak of extracting $54 million in fees through the migration of Launchcoin. The lawsuit claims that the migration process had a two-week window, which led to the dilution of holders' tokens, and tokens that missed the deadline were permanently destroyed. Additionally, the related operations are alleged to involve insider-associated wallets.

According to Artemis data, Ethereum generated $2.7 million in fees in 24 hours, leading Hyperliquid's $1.7 million.

Telegram founder Pavel Durov announced that the transaction fees on the TON network will be reduced by six times within a week, dropping to 0.00039 TON (approximately 0.0005 USD) per transaction, and will remain fixed regardless of network load. Subsequently, most transactions will be completely free, achieving zero fees.

F2Pool co-founder Wang Chun posted on X: "In the past year, I received 83.7 million SPK rewards from Spark and sold them on CoWSwap for 663 ETH and 1.4 million dollars. I regret it a bit now."