ranked by
Revenue (24h)
$42.39m$1.249b
-2.61%
| Name | Rights | Category | Definition | ||||
|---|---|---|---|---|---|---|---|
| $17.48m | $121.35m | $514.65m | Stablecoin Issuer | Asset yields from USDT backing investments (US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans) collected by Tether | |||
| $7.05m | $49.21m | $210.49m | Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | |||
| $2.45m | $15.57m | $73.59m | Derivatives | HLP: No revenue. Perps: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees. Spot Orderbook: 97% of spot trading fees before 30 Aug 2025 and 99% thereafter, after builder code fees and maker rebates, go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees; HYPE paid in successful HIP-1 token-deployment auctions is burned. Outcomes: 99% of outcome fees net of builder-code fees, sent to the Assistance Fund to buy HYPE | |||
| $2.41m | $18.6m | $62.44m | Launchpad | pump.fun: Pump's slice of the bonding-curve trade fee plus graduation fees and Mayhem-mode fees. Swap: Revenue kept by the protocol, which is the 0.05% protocol fee from each trade. Terminal: Trading terminal fees retained by Pump.fun after cashback/referral payouts. pump.fun Mobile App: Pump's protocol slice of bonding-curve fees plus the PumpSwap protocol fee on app trades | |||
| $1.01m | $1.01m | $5.41m | Services | All the LINK tokens transferred from the PaymentAbstractionLayer to the Reserve contract | |||
| $840,879 | $5.59m | $23.94m | Chain | Amount of TRX fees were burned | |||
| $595,827 | $4.98m | $26.6m | Trading App | Wallet: FOMO's share of trading fees: USDC collected on native Solana swaps plus Relay platform fees. Referral fees are excluded. Perps: Builder code revenue from Hyperliquid Perps Trades. Spot: Builder-code fees on Hyperliquid spot trades, all kept by the builder. Outcome: Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder | |||
| $584,111 | $4.31m | $17.98m | RWA | All the fees are revenue | |||
| $522,402 | $4.32m | $18.49m | Trading App | Axiom: Revenue is fees retained by Axiom after deducting referral and cashback payouts. Axiom Perps: Builder Code Fees collected by Axiom from Hyperliquid Perps | |||
| $492,998 | $3.31m | $14.75m | Prediction Market | International: Fees going to protocol address post maker rebate, taker rebate, referral reward, liquidity and holding rewards distribution. Combos: All taker fees on combo trades go to Polymarket | |||
| $482,042 | $1.7m | $6.47m | Chain | Amount of ETH burned — base fees plus blob fees (both are permanently burned, accruing to no proposer) | |||
| $468,583 | $3.64m | $14.28m | Physical TCG | Same as Fees: gacha sales and royalties net of pack buybacks, plus claimed LP fees | |||
| $462,636 | $3.14m | $13.49m | CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | |||
| $415,317 | $2.89m | $12.16m | Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | |||
| $408,125 | $1.77m | $11.8m | Dexs | V1: Protocol makes no revenue. V2: From 28 Dec 2025, 17% (0% before) fees on Ethereum, From 8 Mar 2026, 17% (0% before) fees on Optimism, Arbitrum, Base, Zora, XLayer chains shared to buy back and burn UNI. (Tracked combined in Uniswap V3 adapter). V3: From 28 Dec 2025, a portion of fees a collected to buy back and burn UNI on Ethereum, From 8 Mar 2026, on Optimism, Arbitrum, Base, WC, Zora, XLayer, From 2 Jun 2026, on Polygon, BSC, Celo, From 27 Jul 2026, on Robinhood. V4: Fee switch enabled on 27 Jul 2026 (tracked in uniswap-v3 adapter), a part of fees collected to buy back and burn UNI | |||
| $374,927 | $1.16m | $4.97m | Block Builders | Earning from total fees minus total priority rewards paid to validators | |||
| $351,100 | $1.83m | $15.48m | Dexs | V1, Slipstream: veAERO holders' share of swap fees, equal to HoldersRevenue (Aerodrome's zero-leak model routes all protocol revenue to voters). Aero Lite: Zero: no Voter/veAERO gauge system is deployed on Arc yet, so no fees are redirected away from LPs | |||
| $328,907 | $655,676 | $1.9m | Wallets | Fees collected by Coinbase paid by users for trading, swapping, bridging in Coinbase Wallet and referral fees from coins created in the Base App | |||
| $325,299 | $2.23m | $9.29m | Stablecoin Issuer | Gold: All the fees go to the protocol. Stablecoin Issuer: All the yields from Paypal USD and Binance USD backing are revenue for Paxos | |||
| $320,364 | $4.03m | $26.7m | Trading App | Trading fees retained by GMGN after referral commissions. Solana referral is measured on-chain; EVM referral is estimated at the measured Solana referral rate (~16% of fees) | |||
| $283,786 | $2.83m | $27.18m | Launchpad | Same as fees. Platform fees accrue on the curve, creator fees and locked-position fees are claimed into the treasury | |||
| $280,940 | $1.74m | $8.19m | Wallets | Wallet: Fees collected by Phantom. Perps: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees. Spot: Builder-code fees on Hyperliquid spot trades, all kept by the builder. Outcome: Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder | |||
| $262,776 | $1.14m | $4.73m | Derivatives | Perps: Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees. Liquidation fees are excluded as they go directly to LLP. Spot: Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees. Robinhood Perps: Protocol revenue from maker, taker, transfer and withdrawal fees. Liquidation fees are excluded — they go to the LLP (see SupplySideRevenue) |