According to CoinGecko, the decentralized exchange Hyperliquid has generated $429 million in revenue since the beginning of 2026, representing 12.6% of the total $3.4 billion earned by cryptocurrency projects during this period. Pump.fun secured the second position with $322 million, while Axiom Pro came in third with $132 million.
The top 15 projects accounted for 56% of the overall revenue. Notably, Tether, Circle, and Grayscale were excluded from the ranking due to their unique business models and scale.