Analysts are looking beyond market hype to see which altcoins are generating the most revenue from their applications. According to data from DeFiLlama, the projects below are leading in fees and user activity.
As a long-term favorite of institutional investors like BlackRock, Ethereum continues to be a heavyweight, generating over $6 million in revenue within 24 hours. While its recent price action has been flat, this cooldown may be a sign that it is preparing for another major price run.
Solana stands out as a top revenue generator, pulling in nearly $200 million over the past month. Its price has also performed exceptionally well, rising 21% in the last 30 days. Despite this recent momentum, some analysts suggest a short-term cool-down may be on the horizon. However, its high user activity and vibrant ecosystem still make it one of the strongest projects in the space.
Hyperliquid is gaining attention as a fast-rising star in decentralized perpetuals. The platform has seen strong double-digit growth in both weekly and monthly metrics, with high trading volume and revenue. While it's considered a high-risk play, its strong performance places it among the top decentralized exchanges.
BNB's fundamentals remain strong, supported by its high usage for transactions. The coin has seen a 30% increase over the last two months, but only a 7% gain in the last 30 days. As BNB is currently near its all-time high, caution is advised before entering a new position.
Arbitrum is being hailed as a quiet but strong performer. Up 30% in the last month, its price has been driven by steady ecosystem growth. Many see ARB as undervalued compared to its peers, making it a strong candidate for future gains if its network activity continues to rise.
Avalanche is showing a shift in momentum, with most of its recent gains happening in the last week. The token is up 17% over the last seven days and generated $250,000 in fees in a single day. Analysts believe that if this trend holds, AVAX could see further price increases in the near term.
September 2025, Cryptoniteuae