Hyperliquid, behind $HYPE , tops this 24-hour protocol revenue ranking at $2.53 million. Here are the top 5 (counting only protocols whose tokens have trading pairs on Binance):
1. $HYPE Hyperliquid | $2.53 million
2. $PUMP Pump | $1.1 million
3. $SKY Sky | $420,000
4. WLFI World Liberty Financial | $315,000
5. AERO Aero | $307,000
One thing to keep in mind: a protocol making money doesn’t mean token holders get a share. Where the revenue ultimately goes—buybacks and burns, distributions to stakers, or into the treasury—depends on each project’s tokenomics. Breaking this down when comparing projects gives you a much clearer picture than just looking at rankings.
One more thing: even revenue can vary in quality. Trading fees, lending interest, liquidation penalties, issuance service fees… Revenue driven by real demand tends to last longer, while revenue propped up by subsidies can easily fall off.
Just my personal opinion, not investment advice.
1. $HYPE Hyperliquid | $2.53 million
2. $PUMP Pump | $1.1 million
3. $SKY Sky | $420,000
4. WLFI World Liberty Financial | $315,000
5. AERO Aero | $307,000
One thing to keep in mind: a protocol making money doesn’t mean token holders get a share. Where the revenue ultimately goes—buybacks and burns, distributions to stakers, or into the treasury—depends on each project’s tokenomics. Breaking this down when comparing projects gives you a much clearer picture than just looking at rankings.
One more thing: even revenue can vary in quality. Trading fees, lending interest, liquidation penalties, issuance service fees… Revenue driven by real demand tends to last longer, while revenue propped up by subsidies can easily fall off.
Just my personal opinion, not investment advice.
