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Altcoins worth watching right now based on actual cashflow, not vibes.
Last week’s top earners (Fees generated vs real protocol revenue):
@HyperliquidX $HYPE
Fees: $17.0M | Revenue: $15.3M
@Aave $AAVE
Fees: $14.4M | Revenue: $1.75M
@LidoFinance $LDO
Fees: $14.3M | Revenue: $1.43M
@Aster_DEX $ASTER
Fees: $10.6M | Revenue: not shown in this snapshot
@JupiterExchange $JUP
Fees: $9.71M | Revenue: $2.43M
@SkyEcosystem $SKY
Fees: $8.63M | Revenue: $3.65M
@Pumpfun $PUMP
Fees: $6.01M | Revenue: $6.01M (cleanest conversion here)
@maplefinance $SYRUP
Fees: $3.90M | Revenue: $341K
@jito_sol $JTO
Fees: $2.38M | Revenue: not shown in this snapshot
Reminder: Fees ≠ revenue ≠ value capture.
The real edge is who keeps it, who shares it with holders, and who’s inflating supply faster than they earn.
NFA, DYOR.
Follow @degensing for more.