ranked by
Revenue (24h)
$43.28m$1.117b
+0.25%
| Name | Category | Definition | |||
|---|---|---|---|---|---|
| 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 | $16.1m | $112.52m | $479.26m | |
| Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | $6.59m | $45.73m | $192.24m | |
| Chain | Transaction gas fees net of Ethereum L1 execution and blob costs and the 10% Arbitrum Expansion Program fee share | $5.44m | $20.33m | $22.65m | |
| Telegram Bot | 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) | $2.9m | $13.84m | $32.93m | |
| 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 go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees; HYPE paid in successful HIP-1 token-deployment auctions is burned | $2.28m | $12.95m | $55.45m | |
| Launchpad | V1: Part of swap fees retained by the protocol (exact fee share extracted from the protocolFeeShare function, only pools with at least $200 in TVL are included) and all the launch fees (0.0005 $ETH per token launched). V2: Includes all the launch fees and part of swap fees | $1.84m | $7.73m | $10.83m | |
| Trading App | Wallet: All fees are collected by fomo app. Perps: Builder code revenue from Hyperliquid Perps Trades | $1.78m | $7.73m | $18.8m | |
| Chain | All the collected fees (traffic purchase, preapproval burn, preapproval renew burn, setup burn, dust expire, holding fee, sender change fees) are burnt | $1.56m | $11.66m | $48.74m | |
| 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 | $1.18m | $13.21m | $57.84m | |
| Chain | Amount of TRX fees were burned | $857,954 | $5.75m | $25.26m | |
| 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 | $785,984 | $4.19m | $10.71m | |
| Prediction Market | Fees going to protocol address post maker rebate, taker rebate, referral reward, liquidity and holding rewards distribution | $660,777 | $3.29m | $15.26m | |
| RWA | All the fees are revenue | $589,282 | $4.09m | $15.89m | |
| Launchpad | All quote tokens received by the Flap fee Safe, from any sender. Includes native SafeReceived and configured ERC20 quote transfers, plus wrapped-native (e.g. WBNB) transfers from TaxProcessor fee settlement | $580,911 | $2.29m | $10.74m | |
| Foundation | Arbitrum Timeboost: All fees go to Arbitrum protocol treasury. Arbitrum Nitro: 8% of the net revenue of robinhood chain remitted to Arbitrum DAO treasury | $489,795 | $1.82m | $2.06m | |
| CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | $426,665 | $3.12m | $13.51m | |
| Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | $366,907 | $2.55m | $10.53m | |
| Dexs | AMM: All revenue generated comes from user fees. StableSwap: Half of the swap fees (the pool admin fee); the other half stays with liquidity providers. AMM V3: Pancakeswap collects amount of swap fees for Treasury and buy back CAKE. Infinity: Share of swap fees to protocol and holders. Prediction: All of the fee is kept. Winners are paid out of the losing stakes, so there are no liquidity providers or market makers taking a share. Lottery: 20% of the lottery amount goes to CAKE buy-back and burn | $357,867.59 | $1.58m | $5.71m | |
| 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 | $325,291 | $4.66m | $23.5m | |
| Physical TCG | Revenue from gacha sales (on-chain and fiat/credit-card) + marketplace fees/royalties, net of gacha pack buybacks | $300,672 | $1.44m | $9.48m | |
| 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 | $300,595 | $2.04m | $8.63m | |
| Wallets | Wallet: Fees collected by Phantom. Perps: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees | $231,169 | $1.69m | $7.96m | |
| Stablecoin Issuer | All yields from RLUSD backing assets (U.S. Treasury bills and government money-market funds) collected by Standard Custody & Trust Company (Ripple) | $220,985 | $1.52m | $5.29m |