The protocol’s revenue expansion of $23 million represented the second-largest absolute increase among tracked applications.
The stablecoin issuer’s $18.12 million increase represented the largest absolute gain among protocols, reinforcing its position as the sector’s primary revenue generator.
Axiom provided the sole negative performance among top protocols, with revenue declining 13.9% from $62.11 million to $53.46 million. The cross-chain infrastructure provider lost $8.65 million in monthly fees, the only one in the group with a negative result.
Revenue growth occurs alongside the broader crypto market recovery, with protocols benefiting from increased user activity and higher fee generation across decentralized finance applications and trading platforms.
