Tether, Circle, And Ethena Break Into Top Three Blockchain Protocols By Crypto Fees Generation; Hyperliquid, Pump.fun, And Others Follow
The post Tether, Circle, And Ethena Break Into Top Three Blockchain Protocols By Crypto Fees Generation; Hyperliquid, Pump.fun, And Others Follow appeared on BitcoinEthereumNews.com.
Fresh data shared today by market analyst Satoshi Club listed the top blockchain protocols with the highest crypto fee generation over the past week. The data ranked Ethena (ENA) as the third-largest protocol by fees in the past seven days. According to the data, Tether, Circle, Ethena, Hyperliquid, Pump.fun, Tron, Axiom Pro, Jupiter, Phantom, and Sky were the most used blockchain protocols during the week. The most utilized protocols normally register the highest fees. Top 10 Crypto Protocols by Weekly Revenue Fees Tether According to the data, Tether, the issuer of USDT stablecoin, is at the top of the list because it generated the highest revenue fees over the past week. As per the data, Tether drew in a whopping $149.41 million in revenue fees (involving stablecoins and on-chain settlements), showcasing its dominance as the most important player in DeFi transactions. According to DefiLlama data, Tether attracted a revenue of $614.79 million over the past month, though a slight decline by 2.9% compared to July’s $632.91 million, still proving its status as the largest stablecoin network. Circle Second on the list is Circle, the provider of the USDC stablecoin, another evidence showing stablecoins continue to lead the revenue generation race. The platform generated a revenue fee worth $50.79 million over the past seven days. Last month, it pulled in an impressive revenue record of $206.4 million, an increase of 4.5% compared to July’s $197.59 million, as reported by DefiLlama data. Ethena Ethena, a DeFi protocol powering USDe synthetic stablecoin, secured the third position with a weekly revenue of $36.01 million. Based on the monthly performance, Ethena topped the percentage gains with a 243% revenue increase, rising from July’s $9.46 million to August’s record-breaking $68.49 million. This is an indicator that interest in this synthetic stablecoin continues to gain massive momentum…
