TOP 10 PROTOCOLS BY MONTHLY REVENUE VOLUME

According to DeFiLlama, Tether remains the top protocol by monthly revenue at $478.6M, followed by Circle at $190.6M. New names have broken into the top 10: launchpad Pump jumped to third place with $53.15M, while chain Canton took fourth with $49.05M. Hyperliquid sits in fifth at $48.8M. Rounding out the list are Tron ($26.5M), Telegram bot - GMGN ($23.7M), trading app - Axiom Pro ($22.4M), Polymarket ($15.9M), and Grayscale ($15.1M) - the ranking highlights the growing diversification of revenue sources across stablecoins, derivatives, launchpads, bots, and RWAs.

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