Tether Dominates Crypto Fee Revenue with $122M in a Week

The cryptocurrency market has seen significant fee-based revenue generation this week, with Tether emerging as the top performer.

Over the past seven days, Tether brought in $122.78 million, reflecting its dominance as a critical player in crypto transactions. Supporting 11 networks, including Ethereum, Solana, and Tron, Tether remains essential for seamless cross-chain transfers.

Stablecoins continue to lead the revenue race, with Circle generating $33.33 million, highlighting the growing reliance on digital dollars for payments. Layer-1 blockchains are also thriving, with Solana outpacing Ethereum by earning $35.06 million in weekly fees compared to Ethereum’s $30.33 million. These numbers underscore Solana’s active user base and high transaction volumes.

Liquid staking is another booming sector, with Jito earning $43.42 million, surpassing Lido’s $20.78 million. This trend reflects increasing demand for yield-generating options that maintain liquidity.

READ MORE:

Biden Pushes Controversial Crypto Regulation in His Final Days as U.S. President

Decentralized finance (DeFi) protocols also performed well, particularly decentralized exchanges. Raydium led with $43.36 million in weekly fees, followed by Uniswap at $31.97 million. In contrast, lending protocols like Aave, which earned $15.32 million, trailed behind, as trading activity currently overshadows borrowing and lending.

This week’s data highlights a market increasingly driven by transaction fees and real utility, showcasing the shifting dynamics of crypto adoption and usage.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.