Excluding Tether and Circle (issuers of USDT & USDC), the two-stand out performers YTD are Hyperliquid and Pumpfun, generating $429M and $322M in revenue respectively.
Notably, both of these projects conducted aggresive token buyback programs, which has likely proven to benefit the token's price greatly. We also see Axiom Pro and GMGN in ranks #3 and #5 respectively, which are trading terminals rather than conventional on-chain DeFi projects.
Another interesting finding is #15 , the only DEX in this list, Aerodrome Finance managed to beat Uniswap in terms of revenue generated despite Uniswap having greater mind and market share.
💚 Today’s Color: Green 💚 💚💚Hi everyone! 🌿 Today’s color is green, so I picked five green items from my home.
💚 Item #1 :Max Long Bar — a useful everyday item. 💚 Item #2 :Romance Body Spray — fresh and lovely. 💚 Item #3 :Green Hair Band — simple and handy. 💚 Item #4 :Green Chili 🌶️ — a little spicy and definitely green! 💚 Item #5 : Aloe Vera Gel 🌿 — something I like to keep at home.