Jack Paul 
Tether Tops Monthly Revenue Rankings in Crypto
The cryptocurrency projects that generated the most revenue in the last 30 days have been revealed. Projects operating in many different categories, from stablecoin issuers to blockchain networks, decentralized finance (DeFi) protocols to derivatives exchanges, managed to generate hundreds of millions of dollars in revenue.
Stablecoin giant Tether once again topped the list, while projects like Tron and Circle also achieved impressive revenue figures. Platforms such as Hyperliquid, Sky, and Polymarket stood out particularly with their recent growth.
Top Revenue Generators
According to the data, Tether led with over $500 million in revenue, largely driven by its dominance in the stablecoin market. Tron followed closely, benefiting from its low-cost USDT transfers and growing DeFi ecosystem. Circle, the issuer of USDC, also posted strong numbers as institutional adoption of its stablecoin increased.
Rising Stars in DeFi and Prediction Markets
Hyperliquid, a derivatives trading platform, saw a significant jump in revenue thanks to its perpetual contracts and user-friendly interface. Sky, a decentralized finance protocol, attracted liquidity providers with competitive yields. Polymarket, a prediction market platform, gained traction during the U.S. election cycle, boosting its fee revenue.
Revenue Changes and Trends
The report also highlighted changes in revenue over the past month. Some projects saw double-digit percentage gains, while others experienced slight dips due to market volatility. Overall, the data suggests that stablecoins and DeFi remain the most profitable sectors in crypto, though newer entrants are carving out niches.
This is not investment advice.