LunarCrush, a platform that uses artificial intelligence (AI) to analyze digital assets like cryptocurrencies, has revealed the list of the Top 15 projects that generated revenue in the year 2025. In the given list, the Tether project is leading all the projects with 16.9M active addresses over the past 30 days and has successfully able to generated revenue of $5.2B.
TOP 15 PROJECTS BY TOTAL REVENUE IN 2025#Tether #Circle #Hyperliquid #PumpFun #Ethena #Axiom #Sky #PancakeSwap #Phantom #Aerodrome #Photon #Aave #Aethir #Raydium #Lido pic.twitter.com/CA07puSxDA
— PHOENIX – Crypto News & Analytics (@pnxgrp) December 25, 2025
Circle is the runner-up in this race with 7.5M active addresses and also shows considerable growth in revenue, which is about $2.4B, during the year 2025. The next one is Hyperliquid, which shows very good growth in TVL about $4.1B, and has 292.7K active addresses with $630M revenue generation. Phoenix Group has revealed this news through its official X account.
Pump Fun, Ethena, and PancakeSwap Lead the Crypto Revenue Race in 2025
Pump Fun stands at the fourth position with 864.9K active addresses, along with the $549M revenue generated and TVL of $199.3M in 2025. Then comes Ethena with $389M in revenue generation and TVL of $6.5B. Ethena also has 38.7K active addresses. In addition, the Axiom project comes with $357M in revenue generation.
Sky project appeared with the value of 699.1K in active addresses perspective and holding a TVL of $6.1B with $355M in revenue generated. PencakeSwap has a central position in the given top projects, having successfully generated revenue of $317M and TVL of $2.4B, along with $2.0M active addresses. Moreover, Phantom has earned revenue of $293M in the year 2025.
Aerodrome Secures 10th Spot as Revenue and Usage Define Crypto 2025
The Aerodrome project could earn the 10th position in the given list of the top projects that performed well in the year 2025 in three aspects, which are active addresses, TVL, and revenue. Aerodrome appears on the list with a TVL of $445.9M and is successfully able to generate $207M revenue with 65.2K active addresses. Furthermore, the Photon project could be able to earned revenue of $188M with 56.0K active addresses during the year 2025.
The Aave project has a TVL of $33.3B and is hardly able to generate revenue of $130M, which is the low as compared to the previously discussed projects, and has 147.9K active addresses. Aethir comes in the last third position in the projects given list with active addresses of 19.0K and having $120M revenue in the year 2025.
The Raydium project is hardly able to make its position in the list, although it stands at the second last position with a TVL of $1.3B and 4.2M active addresses with $91.6M revenue. Last but not least, Lido got the last position in the race of top projects in 2025. Lido has the lowest figure of $83.3M in revenue generation and has a TVL of $25.8B with 24.6K active addresses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether Backs Axiym to Expand USDT in Global Payments
_Tether invests in Axiym to expand USDT across global payment systems, aiming to streamline cross-border settlement._
Tether has made a strategic investment in Axiym, a fintech company building distributed treasury and settlement infrastructure.
The move aims to bring USDT directly into
LiveBTCNews4h ago
Tether Investment Axiym Expands Payment Infrastructure: Promoting USDT Integration into Global Compliant Payment Networks
Tether announces strategic investment in fintech company Axiym, aiming to deeply integrate its stablecoin USDT into a compliant global payment network to enhance cross-border payment efficiency. The partnership will streamline payment processes, reduce costs, and support payment activities in 140 countries, driving stablecoins toward mainstream financial systems.
動區BlockTempo6h ago
Tether Backs Eight Sleep in $1.5B Health Tech Deal
Tether Investments invested in Eight Sleep to build AI-powered health intelligence tools using sleep and recovery data insights.
Eight Sleep will integrate Tether’s QVAC edge AI architecture to process sleep and health data directly on devices.
Tether Investments expands into health tech wi
CryptoFrontNews7h ago
Tether Investment Fund Management and Settlement Infrastructure System
Odaily Planet Daily reports that stablecoin issuer Tether has announced an investment in funds management and settlement infrastructure Axiym. The specific amount has not been disclosed. The goal is to build a globally distributed funds settlement infrastructure within a regulated payment ecosystem, thereby supporting embedded financial services, including postpaid settlement solutions such as (PNSL), as well as native integration of USD cash flow. This will enable the expansion of USD liquidity in a scalable, compliant manner that aligns with the actual operation of cross-border payments.
GateNews7h ago
Tether Leads $50M Investment in Sleep Tech Firm Eight Sleep to Expand AI Health Monitoring and Data-Driven Sleep Products
Tether leads a $50M funding round for Eight Sleep to expand AI driven sleep technology and health data tools.
Eight Sleep plans a predictive AI agent trained on over one billion hours of sleep data collected through its Pod system.
Tether investment expands beyond crypto as the firm
CryptoNewsLand8h ago
Insider: Neura Robotics plans to raise 1 billion euros, with Tether potentially participating in the investment
German startup Neura Robotics is preparing to raise approximately €1 billion to accelerate the development of AI-powered humanoid robots. The issuer of the stablecoin USDT, Tether, is expected to participate in the investment, and the company's valuation could reach €4 billion after the funding. Neura Robotics was founded in 2019 and is dedicated to cognitive robot development, having secured €120 million in funding. Its clients include Kawasaki Heavy Industries and Omron.
GateNews9h ago
