24-hour protocol revenue rankings (DeFi protocols with tokens tradable on Binance):
No.1 $PUMP Pump｜$2.29 million
No.2 $HYPE Hyperliquid｜$1.71 million
No.3 $SKY Sky｜$448,000
No.4 WLFI World Liberty Financial｜$405,000
No.5 AERO Aerodrome｜$229,000
First, here's how to read this ranking: protocol revenue isn't trading volume. It's the money a protocol keeps from the fees users pay, after deducting the portion distributed to liquidity providers and stakers. Pump ranked first with $2.29 million.
When analyzing tokens, a common approach is to compare revenue with market capitalization to estimate the premium the market is assigning. However, daily figures can fluctuate significantly, so weekly or monthly cumulative revenue is a more reliable measure.
Also, high revenue doesn't necessarily mean high profit: many protocols are still using token incentives to attract users, and these incentives are a cost. Revenue after deducting incentives is a better approximation of profit. Bullish or bearish?
#PUMP
Be aware of the risks and make your own decisions.
No.1 $PUMP Pump｜$2.29 million
No.2 $HYPE Hyperliquid｜$1.71 million
No.3 $SKY Sky｜$448,000
No.4 WLFI World Liberty Financial｜$405,000
No.5 AERO Aerodrome｜$229,000
First, here's how to read this ranking: protocol revenue isn't trading volume. It's the money a protocol keeps from the fees users pay, after deducting the portion distributed to liquidity providers and stakers. Pump ranked first with $2.29 million.
When analyzing tokens, a common approach is to compare revenue with market capitalization to estimate the premium the market is assigning. However, daily figures can fluctuate significantly, so weekly or monthly cumulative revenue is a more reliable measure.
Also, high revenue doesn't necessarily mean high profit: many protocols are still using token incentives to attract users, and these incentives are a cost. Revenue after deducting incentives is a better approximation of profit. Bullish or bearish?
#PUMP
Be aware of the risks and make your own decisions.