24-hour protocol revenue rankings (only protocols whose tokens are tradable on Binance):
1. $HYPE Hyperliquid | $2.02 million
2. $PUMP Pump | $1.63 million
3. $SKY Sky | $445,000
4. WLFI World Liberty Financial | $371,000
5. AERO Aero | $166,000
Top-ranked: $HYPE Hyperliquid, with $2.02 million. Protocol revenue is the total fees paid by users, minus the share distributed to LPs and stakers; what remains goes to the protocol. It’s often used to assess a protocol’s ability to generate revenue.
Unlike total fees, it excludes the portion paid to LPs; unlike net profit, it doesn’t deduct expenses such as token incentives. Beyond the rankings, it’s worth looking at revenue growth: sustained growth is usually more informative than a one-off surge in the rankings. How do you interpret this?
I get it wrong pretty often too, so make up your own mind.
1. $HYPE Hyperliquid | $2.02 million
2. $PUMP Pump | $1.63 million
3. $SKY Sky | $445,000
4. WLFI World Liberty Financial | $371,000
5. AERO Aero | $166,000
Top-ranked: $HYPE Hyperliquid, with $2.02 million. Protocol revenue is the total fees paid by users, minus the share distributed to LPs and stakers; what remains goes to the protocol. It’s often used to assess a protocol’s ability to generate revenue.
Unlike total fees, it excludes the portion paid to LPs; unlike net profit, it doesn’t deduct expenses such as token incentives. Beyond the rankings, it’s worth looking at revenue growth: sustained growth is usually more informative than a one-off surge in the rankings. How do you interpret this?
I get it wrong pretty often too, so make up your own mind.