TOP 10 PROTOCOLS BY MONTHLY REVENUE VOLUME

According to DeFiLlama, Tether leads all protocols with over $490.4M in monthly revenue, followed by Circle at $190.4M. Notably, Hyperliquid has secured third place among derivatives platforms, highlighting the rising role of perpetual DEXs. Pump, Tron and EdgeX also make the list, showing the growing diversification of revenue sources across stablecoins, derivatives, and trading apps.

$USDT $HYPE $PUMP $TRX $SKY

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