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Stablecoin issuers dominate weekly fees
Tether remained the largest fee-generating crypto project in the latest weekly data from DeFiLlama, collecting $117.8 million over seven days as of Nov. 6, 2026. That was down 2% from $120.6 million in the previous period. Circle’s USDC recorded $40.5 million in fees and $47.3 million in revenue, a 15% weekly decline.
DeFiLlama distinguishes between fees, the total amount paid by users, and revenue, the portion allocated to a protocol and its token holders. Hyperliquid Perps ranked third with $21.6 million in fees and $16.6 million in revenue, with fees rising 6%.
Lido, an Ethereum liquid-staking protocol, posted one of the largest gains among the leading projects. Its weekly fees jumped 77% from $11.2 million to $19.8 million, while revenue totaled $1.2 million. Flashbots’ fees increased 20% to $17.7 million, though reported revenue was zero. Aave V3 collected $10.4 million, up 28%, with $1.3 million in revenue.
Other major fee generators included Solana-based decentralized exchange PumpSwap at $17.2 million, Polymarket US at $13.6 million, Titan Builder at $11.3 million and Uniswap V3 at $10 million. All four recorded weekly declines.
Chainflip leads fast-growing projects
Chainflip AMM generated the most fees by dollar value among projects that grew by more than 50% and collected at least $200,000 during the week. The decentralized exchange’s fees surged 168% from $456,000 to $1.2 million.
PancakeSwap AMM collected $1.1 million across BNB Smart Chain and Ethereum, up 142%. Solana oracle project Pyth Pro entered the ranking with $1 million after reporting no fees in the prior period. Arbitrum lending project Lava similarly rose from zero to $698,000.
THORChain DEX fees climbed roughly 3.5 times to $906,000, while Base-based SoSoValue Indexes increased 153% to $730,000. KyberSwap Aggregator, Trust Wallet Wallet, Pendle V2 and CommunityV3 also posted gains exceeding 150%.
Ethereum leads on-chain activity
Excluding off-chain fees reported by issuers such as Tether and Circle, Ethereum led all blockchains with $17 million in fees over 24 hours and $438.4 million over 30 days. Its latest daily total was 1.2 times the 30-day daily average, indicating that activity was more concentrated in the most recent period.
Solana followed with $11.2 million over 24 hours and $380.3 million over 30 days. Hyperliquid recorded $7.6 million and $184.3 million, respectively. Base also had a recent-concentration ratio of 1.2, with $2.4 million in daily fees and $57.4 million over 30 days.
Other chains in the ranking included Robinhood Chain, BNB Chain, Polygon and Tron. Their 24-hour fees ranged from $1.2 million to $2.4 million.
High yields carry separate risks
Among liquidity pools holding at least $10 million, Uniswap V3’s WBTC-USDT pool on Ethereum showed an annual percentage yield of 103.10%, compared with a 30-day average of 30.28%, on $23.6 million in deposits. Its WETH-USDT pool showed an 85.15% annual yield and a 52.01% 30-day average on $83.6 million in deposits.
Those yields represent terms offered to depositors and should not be confused with protocol fees. Sharp increases in fees or yields do not establish that a project is safe or sustainable, and newer projects can experience especially large swings. The figures summarize public market data and are not investment recommendations.
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