Grayscale: Top 15 On-Chain Applications by Protocol Revenue



$HYPE, $PUMP, $CAKE, $SKY, $JUP, $AAVE, $AERO, $WLFI, $LDO, $MET, $ETHFI, $LIT, $CARDS, $UNI, $RAY

Some of the largest on-chain applications by revenue have real cash flows, low operating expenses, and single-digit multiples.

And given that the CLARITY Act could potentially be passed within the next few weeks, we believe that investors are now seeing an attractive entry point.
HYPE6.72%
PUMP-3.47%
CAKE5.05%
SKY-0.36%
JUP12.55%
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