POPA ReconTop 10 Protocols by Fees in the Last 30 Days
Top 10 Protocols by Fees in the Last 30 Days The top ten protocols collected ~$1.53B in fees over the past month, and two stablecoin issuers took 46% of it: • Tether – $503M • Circle – $207M • Uniswap – $206M • Pump Fun – $164M • Pons – $140M • Polymarket – $87.3M • Hyperliquid – $73M • Lido – $50.7M • GMGN – $49.8M • Canton – $48.9M Tether and Circle earn by holding Treasuries against the dollars people park in USDT and USDC. They don't need traders, only deposits and interest rates, and the Fed's hike this month helps them. Fees aren't the same as revenue. Uniswap collects $206M, but mos…
The excerpt is quoted from a public Telegram channel, which owns its text.