POPA ReconOnly 36 protocols generate $2M+ in last 30D
Only 36 protocols generate $2M+ in last 30D The top is dominated by stablecoin issuers - Tether ($493M), Circle ($197M), and Canton ($64.8M) alone outpace the entire rest of the list combined. Hyperliquid ($50.8M) leads perp DEXs, Pump ($34.4M) holds the launchpad crown, Polymarket ($19.6M) confirms prediction markets as a real revenue vertical, and the Solana trading stack (Axiom $11.6M, Phantom $6.94M, Jupiter $4.09M) is quietly printing. RWAs are also in: Grayscale ($19.6M), Paxos ($10.6M), Securitize ($2.75M). Canton ($64.8M) and Tron ($31M) don't keep most of this revenue both redistr…
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