The last month was brutal for crypto.

Geopolitics, AI sucking attention out of the market, and most popular alts getting buried.
So right now I care less about narratives and more about one thing:
which products can still make money in a market like this.
Here are 7 projects that generated some of the highest revenue in the last 30 days:
@HyperliquidX - High-performance perpetuals exchange with real trading flow and deep user activity. When volatility stays high, Hyperliquid keeps monetizing execution and leverage demand.
@Pumpfun - Launchpad that turns speculation into fees. Even in weak markets, people still chase new coins, and keeps capturing that attention at scale.
@trondao - One of the strongest fee-generating ecosystems thanks to massive stablecoin transfer volume and constant onchain usage. Less narrative-driven, more raw transactional demand.
@edgeX_exchange - Derivatives exchange focused on active traders and fast execution. Projects like this tend to hold up when volatility rises, because activity itself becomes the product.
@SkyEcosystem - Stablecoin and yield infrastructure still generating revenue through real onchain credit demand. This is the type of product that benefits when capital gets more defensive.
@aave - Battle-tested DeFi money markets with steady borrowing and lending demand. Even in rough conditions, leverage and liquidity still have a price.
@AerodromeFi - Base’s main liquidity hub, earning from swaps and AMM activity across the ecosystem. When onchain flow consolidates, Aerodrome captures a big part of it.