📊 41 crypto protocols generated more than $2M in the last 30 days

Stablecoin companies continue to dominate revenue:

Tether — $482M
Circle — $192.5M

The two companies alone generated more revenue than the remaining 39 protocols combined.

Other notable figures include:

Canton — $52.05M
Pump — $37.88M
GMGN — $21.21M
Polymarket — $17.2M
Axiom — $16.27M
Grayscale — $14.41M
WLFi — more than $10M
Paxos — $8.58M
Phantom — $6.02M
DEX Screener — $4.15M
Jupiter — $3.81M
Securitize — $2.75M
Fidelity — $2.48M

What stands out is the continued growth of real revenues across multiple sectors: stablecoins, Onchain trading tools, prediction markets, and the RWA segment.

As for Canton, despite being in third place, most of this revenue is redistributed to participants in the system; therefore, the figure reflects flows rather than net revenues retained.