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Hyperliquid Dominates DeFi Holder Income Worldwide Worth $53.5 Million

Recent data shows that the top 10 DeFi protocols account for about 87% of all revenue flowing to token holders over the past month, demonstrating increasing income concentration in the decentralized finance industry.
Based on data from DefiLlama, Hyperliquid becomes the absolute leader by generating around $53.5 million or 38.4% of the total monthly DeFi holder revenue.
Hyperliquid's dominance far exceeds other protocols in the industry and strengthens its position as one of the fastest-growing DeFi ecosystems currently.
In the next position, edgeX records revenue of about $23.3 million or 16.7%, while Pump.fun generates around $22.9 million or 16.4% of the total global DeFi holder income.
The data shows how most of the economic value in the DeFi sector is now concentrated in a handful of major protocols, creating a power law pattern where dominant players control the majority of industry revenue.
Most notably, Hyperliquid is said to distribute 100% of the platform's revenue to token holders without incurring additional incentive costs.
This model is considered one of the strongest examples of sustainable value accrual in the DeFi sector compared to many other protocols that still rely on token subsidies and large incentive programs to maintain user activity.