Altcoin Projects That Generated the Most Revenue in the Last Month During the Downturn Revealed

The cryptocurrency projects that generated the most revenue in the last 30 days have been revealed, according to recent data.

Stablecoin issuers and blockchain networks dominated the top of the list, while some decentralized exchanges (DEX), derivatives platforms, and Layer-2 networks also saw notable increases. Stablecoin giant Tether exhibited the strongest revenue performance, while projects like Base and Aave also saw triple-digit monthly growth.

The projects that generated the most revenue in the last 30 days, their revenue trends, and the change in revenue compared to the previous month are ranked as follows:

1. Tether (USDT) – $449.0 million (+7.4%)
2. Tron (TRX) – $194.3 million (-6.8%)
3. Circle (USDC) – $181.3 million (-8.7%)
4. Hyperliquid (HYPE) – $66.7 million (+30.1%)
5. Sky (SKY) – $57.2 million (+72.3%)
6. pump.fun (PUMP) – $30.8 million (+17.2%)
7. PancakeSwap (CAKE) – $22.3 million (+44.4%)
8. Ethereum (ENA) – $19.8 million (-30.5%)
9. Axiom Trade – $16.3 million (-8.5%)
10. Aave (AAVE) – $15.5 million (+75.7%)
11. GMGN – $14.5 million (-9.3%)
12. Phantom – $11.7 million (+1.0%)
13. Base – $10.3 million (+223.9%)
14. Lighter (LIT) – $8.1 million (+6.9%)
15. Lido Finance (LDO) – $5.9 million (-24.0%)

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The data shows that stablecoin issuers continue to profit significantly from reserve income by taking advantage of the high-interest rate environment. Tether and Circle are at the top of the list, while Sky (formerly MakerDAO) also stands out with its strong growth rate.

*This is not investment advice.