These Altcoins Cashing In While the Market Drops: Here Are the Projects Generating the Most Revenue

The highest-revenue projects in the cryptocurrency market in the last 30 days have been announced.

Tether topped the list of revenues, followed by Tron and Circle. These revenues, calculated from on-chain activities, stablecoin issuances, and decentralized exchange fees, also reflect industry-wide user and transaction activity.

Here are the cryptocurrency projects that generated the most revenue in the last 30 days and the change in their revenue compared to the previous month:

1. Tether ($USDT) – $437.4 million (-2.1%)
2. Tron (TRX) – $227 million (-2.2%)
3. Circle (USDC, EUROC, USYC) – $222.5 million (+0.6%)
4. Hyperliquid (HYPE) – $104.3 million (+8.0%)
5. PancakeSwap (CAKE) – $49.8 million (-1.5%)
6. Ethena (ENA) – $37 million (-31.3%)
7. pump.fun (PUMP) – $28.1 million (-36.7%)
8. Axiom Trade – $21.5 million (-44.5%)
9. Ethereum (ETH) – $19.6 million (+61.6%)
10. Aave (AAVE) – $13.9 million (-3.9%)
11. Aerodrome (AERO) – $13.8 million (-3.4%)
12. Phantom – $12.7 million (-19.1%)
13. Base – $10.3 million (+102.7%)
14. Aethir (ATH) – $9.2 million (-27.8%)
15. Lido Finance (LDO) – $8.3 million (-3.3%)

Stablecoin issuers Tether and Circle maintained their dominance in the market thanks to high interest income.

Tron maintained its second-place position thanks to its high transaction volume on the network. In fact, a significant portion of Tron's revenue stems from its status as one of the most frequently used networks for $USDT transfers.

*This is not investment advice.