ranked by
Revenue (24h)
$38.2m$1.182b
+4.85%
| 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 | $16.58m | $114.23m | $481.48m | |
| Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | $6.77m | $46.72m | $194.75m | |
| Chain | All the collected fees (traffic purchase, preapproval burn, preapproval renew burn, setup burn, dust expire, holding fee, sender change fees) are burnt | $1.61m | $11.15m | $50.05m | |
| Trading App | Wallet: All fees are collected by fomo app. Perps: Builder code revenue from Hyperliquid Perps Trades | $1.42m | $8.97m | $25.88m | |
| 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) | $1.37m | $13.12m | $41.06m | |
| 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 | $1.28m | $10.01m | $55.62m | |
| Prediction Market | Fees going to protocol address post maker rebate, taker rebate, referral reward, liquidity and holding rewards distribution | $1.02m | $4.18m | $16.89m | |
| 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 | $878,951 | $8.52m | $20.49m | |
| 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 | $798,590 | $6.14m | $24.1m | |
| Launchpad | Same as fees. Platform fees accrue on the curve, creator fees and locked-position fees are claimed into the treasury | $783,818 | $8.23m | $9.35m | |
| Chain | Transaction gas fees net of Ethereum L1 execution and blob costs and the 10% Arbitrum Expansion Program fee share | $723,077 | $8.66m | $32.9m | |
| Chain | Amount of TRX fees were burned | $623,601 | $5.57m | $24m | |
| 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 | $584,129 | $10.14m | $59.26m | |
| RWA | All the fees are revenue | $572,778 | $4.08m | $16.73m | |
| CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | $429,200 | $3.1m | $13.43m | |
| Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | $385,423 | $2.64m | $10.75m | |
| 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 | $366,888 | $4.42m | $14.07m | |
| Physical TCG | Revenue from gacha sales (on-chain and fiat/credit-card) + marketplace fees/royalties, net of gacha pack buybacks | $311,536 | $2.46m | $9.07m | |
| 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 | $299,039 | $2.1m | $8.76m | |
| Dexs | AMM: Protocol's total revenue, derived from Treasury allocations and RAY buybacks. LaunchLab: Raydium's protocol fee only. Platform and creator fees are passed on to the third parties that launched the token | $287,652 | $2.38m | $3.61m | |
| 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 | $230,405 | $2.73m | $12.05m | |
| Stablecoin Issuer | All yields from RLUSD backing assets (U.S. Treasury bills and government money-market funds) collected by Standard Custody & Trust Company (Ripple) | $230,059 | $1.58m | $5.94m | |
| NFT Marketplace | Fees minus supply-side revenue. Note: Stars purchased via Apple Pay/Google Pay are settled off-chain but paid out on-chain, so on-chain revenue may understate actual revenue | $226,379 | -$313,422 | -$3.71m |