Hyperliquid, Pump.fun, EdgeX, Four.Meme, Axiom, Jupiter, PancakeSwap, And Others Lead Blockchain Revenue and Usage: Top Crypto Assets to Watch

New data, released today by market analyst CryptoDep, listed the top blockchain projects by profit-making over the past 30 days. Interestingly, the presence of emerging blockchain networks leading the list shows significant maturity of the blockchain industry. Based on revenues generated over the period, the mentioned chains show great traction powered by their technological excellence and strong capability of serving user interest.

At the current maturity of the field, multiple blockchains are generating millions of dollars of revenue every month. According to analysis from the data, this shows real users are powering growth on various networks, not just big blockchains by market capitalization.

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Top Blockchain Projects by Revenue Growth

Hyperliquid                      

Hyperliquid topped the list as it generated the highest income in the last 30 days, showing robust strength in its blockchain network. The decentralized derivatives exchange generated a whopping $93.1 million in monthly net profit, an indicator of a strong wave of trading activity taking place in the decentralized perpetual contract market.

Despite stiff competition recently displayed by rival perpetual decentralized platforms like Aster, the figure above confirms that Hyperliquid is still the largest and most profitable perpetual DEX platform in the sector. The record shows robust on-chain activity (usage) on the platform and significant liquidity inflows, despite a 28.1% drop in HYPE price over the past month.

Pump.fun

Pump.fun, a meme coin launchpad based on the Solana network, is second on the list. The launchpad meme token platform generated a monthly revenue of $40.9 million, catalysed by increasing trading activity on the network. With the current meme token season characterised by heightened numbers of retail and institutional customers engaging in speculative meme coin activities, prominent trading platforms like Pump.fun have become busy transaction gateways.

EdgeX

EdgeX, a decentralized derivatives exchange, followed Pump.fun closely in terms of revenue generation (as indicated in the data), signalling its rising popularity in the blockchain space. By generating a massive income of $40.8 million in the last 30 days, EdgeX is rapidly gaining momentum and solidifying its market position in the decentralized perpetual trading sector. Based on the data, EdgeX is the second-biggest perpetual DEX platform following Hyperliquid. By surpassing various leading public blockchains (including Ethereum, Base, and many others) in monthly revenue, EdgeX displays that it is a serious DeFi network.

Four.Meme

Four.Meme, a meme token launch platform built on BNB Chain, is also gaining traction with increasing user activity. Registering a monthly revenue of $31.8 million makes Four.Meme is the second-most popular meme launchpad following Pump.fun. This signifies that Four.Meme is witnessing a remarkable surge in on-chain meme trading and significant market growth. With meme coin season, which began on the BNB Chain, Pump.fun and Four.Meme have been playing an incredible role, enabling users to access and trade meme assets.

Other Top Chains with Revenue Performance

Other top protocols with impressive revenue production include Axiom, Jupiter, PancakeSwap, SKY (formerly Maker DAO), Aerodrome, Phantom, Aave, Base, MO, Lido, and Pendle, as illustrated in the data.