ranked by
Revenue (24h)
$41.74m$1.173b
+9.24%
| 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 | $16.36m | $113.26m | $480.3m | |
| Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | $6.68m | $46.37m | $193.9m | |
| 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 | $2.08m | $11.57m | $59.84m | |
| Chain | All the collected fees (traffic purchase, preapproval burn, preapproval renew burn, setup burn, dust expire, holding fee, sender change fees) are burnt | $1.55m | $11.17m | $50.31m | |
| 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) | $1.55m | $15.1m | $39.32m | |
| 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 | $1.4m | $9.62m | $56.76m | |
| Trading App | Wallet: All fees are collected by fomo app. Perps: Builder code revenue from Hyperliquid Perps Trades | $1.21m | $10.8m | $25.19m | |
| 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 | $1.2m | $10.46m | $18.73m | |
| Chain | Transaction gas fees net of Ethereum L1 execution and blob costs and the 10% Arbitrum Expansion Program fee share | $943,728 | $15.15m | $31.81m | |
| Chain | Amount of TRX fees were burned | $897,830 | $5.54m | $24.29m | |
| 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 | $852,024 | $4.9m | $23.91m | |
| Launchpad | Same as fees. Platform fees accrue on the curve, creator fees and locked-position fees are claimed into the treasury | $759,293 | $5.88m | $6.84m | |
| 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 | $710,231 | $5.13m | $13.41m | |
| RWA | All the fees are revenue | $577,140 | $4.12m | $16.52m | |
| Physical TCG | Revenue from gacha sales (on-chain and fiat/credit-card) + marketplace fees/royalties, net of gacha pack buybacks | $426,811 | $2.23m | $9.22m | |
| Prediction Market | Fees going to protocol address post maker rebate, taker rebate, referral reward, liquidity and holding rewards distribution | $422,415 | $4.1m | $16.7m | |
| CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | $420,508 | $3.1m | $13.45m | |
| Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | $378,721 | $2.61m | $10.68m | |
| 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 | $341,735 | $1.79m | $2.95m | |
| Wallets | Wallet: Fees collected by Phantom. Perps: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees | $323,024 | $1.91m | $8.33m | |
| Block Builders | Earning from total fees minus total priority rewards paid to validators | $318,131 | $888,866 | $4.38m | |
| 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 | $298,786 | $2.12m | $8.74m | |
| 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 | $291,004 | $3.16m | $11.98m |