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Top 10 DeFi Protocols by Revenue in August 2025: Hyperliquid Dominates the Charts

Top 10 DeFi Protocols by Revenue in August 2025: Hyperliquid Dominates the Charts

In the fast-paced world of decentralized finance (DeFi), keeping track of which protocols are raking in the most revenue can give you a real edge, especially if you're into meme tokens. Recently, DefiLlama, a go-to source for transparent DeFi analytics, shared a snapshot of the top 10 protocols by revenue over the past 30 days. This list highlights some heavy hitters, and it's particularly interesting for meme enthusiasts because platforms like Pump.fun are making waves in token launches.

Breaking Down the Top Earners

The data from DefiLlama shows Hyperliquid leading the pack with an impressive $95.92 million in revenue over the last month. Hyperliquid is a decentralized exchange (DEX) focused on perpetual futures, where a portion of swap fees goes to the treasury or token holders. It's built on its own chain and has been gaining traction for its efficient trading mechanics.

Coming in second is Axiom Pro, a trading app spanning two chains, pulling in $56.6 million. Users get a share of the fees here, but the revenue is adjusted lower after accounting for builder code fees.

Third place goes to Pump, a launchpad on a single chain (likely Solana), with $26.2 million. This one's a favorite in the meme community—Pump.fun allows anyone to create and trade meme tokens easily, taking a tiny 0.05% cut from trading and launches, which adds up quickly given the volume of new tokens.

Top 10 DeFi Protocols by Revenue Over Past 30 Days

Jupiter, another Solana-based derivatives platform, ranks fourth at $25.69 million. It collects a quarter of total fees for its treasury and liquidity providers.

Phantom Wallet, supporting five chains, rounds out the top five with $22.36 million, gathering fees from integrations like Hyperliquid perps.

The list continues with Bags (a launchpad), Aerodrome (DEX on one chain), Meteora (another DEX), Sky (a collateralized debt position protocol), and AAVE (the lending giant across 16 chains).

Why This Matters for Meme Tokens

For those of us diving into meme coins, this revenue ranking underscores the infrastructure powering the hype. Launchpads like Pump.fun and Bags are directly tied to meme token creation—Pump.fun, in particular, has democratized meme launches on Solana, leading to viral tokens and massive trading volumes. High revenue means these platforms are sustainable and likely to innovate further, which could mean more tools for meme traders.

DEXes like Hyperliquid, Jupiter, Aerodrome, and Meteora facilitate the swapping and trading that keep meme ecosystems buzzing. Wallets like Phantom make it seamless to interact with these protocols, often embedding features that boost user engagement.

Key Takeaways and Trends

  • Solana's Dominance: Many top earners are on Solana or single chains optimized for speed and low fees, which is perfect for high-frequency meme trading.
  • Revenue Models: Most protocols share fees with treasuries, holders, or users, creating incentives that drive adoption.
  • Growth Potential: With DeFi adoption rising, these numbers could climb even higher. Keep an eye on how meme token launches contribute to overall revenue.

If you're building or trading in the meme space, tools like DefiLlama are invaluable for spotting trends. Check out their full dashboard here to dive deeper.

Stay tuned to Meme Insider for more insights on how DeFi intersects with the wild world of meme tokens!

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