24-hour protocol revenue rankings (DeFi protocols with tokens tradable on Binance):
$HYPE Hyperliquid｜$2.19 million
$PUMP Pump｜$1.25 million
$SKY Sky｜$436,000
WLFI World Liberty Financial｜$307,000
AERO Aero｜$273,000
How to read this ranking: Protocol revenue isn’t trading volume. It’s what the protocol actually keeps from the fees users pay, after deducting the share distributed to liquidity providers and stakers. Hyperliquid ranks first on the list with $2.19 million.
When researching tokens, a common approach is to compare revenue with market cap to estimate the multiple the market is assigning. But daily figures can fluctuate a lot, so it’s more reliable to look at the cumulative totals for a week or a month.
Also, high revenue doesn’t necessarily mean high profits: many protocols are still issuing token incentives to users, which count as expenses. Profit after deducting those incentives is closer to the true figure. Which do you value more: data or sentiment?
Just sharing some casual thoughts—don’t take this as advice.
$HYPE Hyperliquid｜$2.19 million
$PUMP Pump｜$1.25 million
$SKY Sky｜$436,000
WLFI World Liberty Financial｜$307,000
AERO Aero｜$273,000
How to read this ranking: Protocol revenue isn’t trading volume. It’s what the protocol actually keeps from the fees users pay, after deducting the share distributed to liquidity providers and stakers. Hyperliquid ranks first on the list with $2.19 million.
When researching tokens, a common approach is to compare revenue with market cap to estimate the multiple the market is assigning. But daily figures can fluctuate a lot, so it’s more reliable to look at the cumulative totals for a week or a month.
Also, high revenue doesn’t necessarily mean high profits: many protocols are still issuing token incentives to users, which count as expenses. Profit after deducting those incentives is closer to the true figure. Which do you value more: data or sentiment?
Just sharing some casual thoughts—don’t take this as advice.
