The top 10 crypto protocols earned $1.2 billion in revenue in August, up 9.3% from the previous month. Ethena saw a 243% revenue surge, while Pump.fun had a 79% increase. Tether maintained market leadership with a modest 2.9% growth. Hyperliquid and Sky Protocol also experienced significant growth.

Circle ranked second with a 4.5% revenue increase, while Tron recorded moderate gains of 11.6%. Axiom was the only protocol with negative performance, seeing a 13.9% revenue decline. Overall, protocols benefited from increased user activity and higher fee generation amid the crypto market recovery.

Read more at Yahoo Finance.: Top crypto protocols generate $1.2B in revenue after recording 9.3% monthly growth