24-hour DeFi revenue snapshot, three takeaways:
① No. 1: Pump, $2.1 million
② Combined total for the 5 listed: $4.82 million
③ Only protocols whose tokens are tradable on Binance are counted
No.1 $PUMP Pump｜$2.1 million
No.2 $HYPE Hyperliquid｜$1.7 million
No.3 $SKY Sky｜$448,000
No.4 WLFI World Liberty Financial｜$401,000
No.5 AERO Aerodrome｜$170,000
Revenue is a fundamental metric for whether a protocol is making money, and it’s not the same thing as a token’s price going up or down.
Generally speaking, revenue for trading protocols rises and falls with market volatility, while lending and stablecoin protocols tend to be steadier. It can be useful to consider the type of protocol when comparing rankings.
One thing to watch for: a one-off fee spike can sometimes push a protocol up the rankings—for example, fees from mass liquidations or a token launch. Such a ranking probably won’t hold up next time. Do you believe this news?
#PUMP
This may not be entirely accurate; use your own judgment.
① No. 1: Pump, $2.1 million
② Combined total for the 5 listed: $4.82 million
③ Only protocols whose tokens are tradable on Binance are counted
No.1 $PUMP Pump｜$2.1 million
No.2 $HYPE Hyperliquid｜$1.7 million
No.3 $SKY Sky｜$448,000
No.4 WLFI World Liberty Financial｜$401,000
No.5 AERO Aerodrome｜$170,000
Revenue is a fundamental metric for whether a protocol is making money, and it’s not the same thing as a token’s price going up or down.
Generally speaking, revenue for trading protocols rises and falls with market volatility, while lending and stablecoin protocols tend to be steadier. It can be useful to consider the type of protocol when comparing rankings.
One thing to watch for: a one-off fee spike can sometimes push a protocol up the rankings—for example, fees from mass liquidations or a token launch. Such a ranking probably won’t hold up next time. Do you believe this news?
#PUMP
This may not be entirely accurate; use your own judgment.