Direct ranking: 24-hour top-earning protocols (ranked by protocol revenue, only including protocols whose tokens are tradable on Binance)
1. $HYPE Hyperliquid | $2.39 million
2. $PUMP Pump | $2.01 million
3. $SKY Sky | $439,000
4. WLFI World Liberty Financial | $382,000
5. UNI Uniswap | $294,000

Two terms to avoid confusion:
· Fees: how much users paid in total
· Revenue: how much the protocol ultimately kept

This ranking uses the latter, so it better reflects a protocol’s actual earning power. The top-ranked $HYPE 239万美元.

One more concept:
· Holders Revenue: the portion of protocol revenue that actually goes back to token holders, such as buybacks and staking distributions
· Net profit idea: protocol revenue minus costs such as token incentives

#HYPE