Protocols Earning $3M+ per Month

44 crypto protocols now earn over $3M a month, about $1.25B combined. Stablecoin issuers take the biggest share: Tether ($521M) and Circle ($212M) alone bring in almost 60% of the total.

Apps now earn more than the blockchains they run on. Pump makes about 10x more than Ethereum and 20x more than Solana.

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