Top 15 crypto projects with the biggest revenues

Data according to Phoenix Group today highlighted the top 15 crypto projects that generated the highest revenues in the last 30 days.

Top 15 crypto projects with the biggest revenues

Phoenix Group unveiled the top 15 crypto projects that generated the highest revenues in the last 30 days.

Among them, Tether (USDT) takes the lead with the highest revenue of $529 million over the past month. Tether earns interest on various reserve holdings, which contribute a substantial part of its revenues. The company also generates revenues from service and transaction fees. It also invests in various financial assets and ventures that earn gains in such investments.

Raydium follows closely behind with a monthly revenue of $298 million. Raydium mainly generates its revenues through trading fees earned on its DEX platform. It collects such fees from customers who swap tokens on the decentralized exchange.

Jito (JTO) comes in third place with $271 monthly revenue. Jito majorly generates its revenue through its liquid staking protocol on Solana.

Moving down, Meteora took the fourth position with $177 monthly million. Meteora mainly earns its income through trading fees on its DEX platform. Customers pay such fees whenever they swap tokens.

It was followed by Circle (USDC), which collected revenue of $149 million over the past 30 days. Circle majorly generates its revenues through interest earned on various reserves it holds. It also earns massive income through trading fees.

Uniswap secured the sixth position with $148 million in monthly revenue. Generally, Uniswap earns income through trading fees. Customers pay a small fee of 0.3% when swapping tokens on the platform.

Pancakeswap followed closely with $148 million. Pancakeswap generates its income through multiple sources. It earns a big part of its income from trading fees on its DEX platform. It also generates revenues from its NFT marketplace, speculation markets, and IFO (Initial Farm Offering).

Pump.fun settled on position eight with a monthly revenue of $119 million. It earns its income through transaction fees on its trading platform. It takes a small fee on every transaction, which enables it to earn income based on the trading volume of its ecosystem.

Lido took position nine with a $86.7 million monthly income. Lido earns income mainly through staking fees. When customers stake their assets on Lido’s staking app, Lido takes a small fee for staking rewards earned.

While Photon secured the 10th position with $77.6 monthly million, Aave followed it with $61.4 million. BullX and Sky also gained visibility with their monthly revenues that amounted to $45.3 million and $41 million respectively. Lastly, Orca and Ethena earned monthly revenues of $39.4 million and $37.9 million respectively over the past 30 days.