In the past seven days, Tether’s USDT and Circle’s USDC stablecoins have generated $93 million and $28 million in revenue, respectively. Ethereum, Tron, and Solana networks saw $19 million, $11 million, and $9.6 million in revenue, respectively. Solana-based protocols and trading bots have also seen significant revenue, with trading bot platform Photon and memecoin powerhouse pump.fun generating over $6 million each in the past seven days.
This revenue surpasses that of Ethereum-based decentralized finance (DeFi) heavyweights like Maker, Lido, and Aave.
