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.
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.
The first week of July brought notable advancements in crypto infrastructure, governance, and trading.
Europe’s reluctance to embrace stablecoins and blockchain technology could erode its monetary sovereignty and marginalize the euro in the next phase of global finance, according to former European Central Bank board member Lorenzo Bini Smaghi.
Toncoin (TON) has unveiled an exclusive partnership with the United Arab Emirates (UAE) to offer users a path to the coveted 10-year UAE Golden Visa—through crypto staking.
Bo Hines, the U.S. President’s Chief Advisor on Digital Assets, believes that upcoming stablecoin legislation could catapult the digital asset market to unprecedented heights. In a recent statement,