Two red days. Two different fee winners 💸

Monday ($BTC −2.4%):
Hyperliquid perps +109%
Aster +203%

Thursday (BTC −5.9%):
Hyperliquid perps −25%
Aster −7%
Aave −47%

Thursday's winners:
Ethereum gas +64%
A brokerage's perps +42%
Uniswap +4–6%

The difference: Monday followed a quiet weekend; Thursday followed a rally.

"Fees pump on red days"... compared to what? 👇

#DeFi #Fees #HYPE