Top 10 Revenue-Earning Onchain Apps in 2025

A review of 2025’s top-earning onchain apps alongside a stark comparison of crypto's short-term volatility versus its decade of exponential dominance.

Author

Eugene Le
December 29, 2025

TL;DR BOX

The strongest signal in crypto remains total revenue. In 2025, onchain apps that generated real fees consistently outperformed narrative-driven projects with little or no cash flow. Revenue tracks real usage, and usage is what keeps onchain apps alive across market cycles.

This article breaks down the top revenue-earning onchain apps of 2025 and shows how different categories convert demand into sustainable income. Perp DEXs, launchpads, DEX aggregators, and yield protocols dominate because users willingly pay for them. It also compares crypto and TradFi performance in 2025, where BTC and ETH lagged gold and equities short term, while long-term data still shows crypto massively outperforming over a 10-year horizon.

Key points

  • Fact: Top onchain apps generated up to $787M in revenue in 2025.

  • Mistake: Chasing narratives instead of fee-generating usage.

  • Action: Track revenue first, then evaluate token capture.

Critical insight

Revenue shows who users actually pay, not who shouts the loudest.

⭐ Top 10 Revenue-Earning Onchain Apps in 2025

More revenue means more real usage. Here are 2025’s top revenue-generating onchain apps:

NOTE:

  • First, DefiLlama, which we’ve used for past revenue rankings.

  • Second, the revenue figures are tracked up to Dec 28, 2025, so they’re directionally accurate, but not fully complete.

1. Hyperliquid $HYPE ( ▲ 4.09% )  

Total revenue: $787.21M

Avg monthly revenue: $65.60M

Hyperliquid is the undisputed king of perp DEXs with deep liquidity, tight spreads, low latency, and a clean UX create real stickiness that keeps volume and fees locked in.

Total revenue: $674.75M

Avg monthly revenue: $56.22M

PumpFun monetized attention itself. Every degenerate impulse, every meme launch, every five-minute dopamine hit prints fees. This is pure onchain capitalism.

Total revenue: $354M

Avg monthly revenue: $29.5M

Sky focuses on steady, disciplined yield, with revenue that compounds instead of spiking from hype. That consistency is why these products tend to age well across cycles.

4. Aerodrome $AERO ( ▼ 6.64% )

Total revenue: $252.9M

Avg monthly revenue: $21.07M

Aerodrome is Base’s liquidity engine - If Base wins, Aerodrome wins. What you’re really betting on here is Coinbase-aligned distribution.

Total revenue: $166.76M

Avg monthly revenue: $13.89M

Jupiter quietly dominates Solana routing. Revenue here tracks Solana’s resurgence almost tick for tick.

Total revenue: ~$145M

Uniswap isn’t flashy anymore, but it remains a core settlement layer for Ethereum DeFi. Fee switches, governance debates, and V4 modularity keep it in the conversation.

Total revenue: ~$142M

Avg monthly revenue: ~$11.90M

Aave is for borrowing demand, liquidations, and risk-managed expansion keep revenue flowing. It’s not a rocket ship, but it’s not fragile either.

Total revenue: ~$81.66M

Avg monthly revenue: ~$6.80M

Raydium benefits from Solana’s meme velocity and ecosystem churn. In crypto, relevance is often enough to keep revenue alive longer than critics expect.

Total revenue: ~$77.54M

Avg monthly revenue: ~$6.46M

Liquid staking is still a massive business. It benefits from ETH inertia creating recurring revenue, even if governance and decentralization debates never stop.

Total revenue: ~$29.96M

Avg monthly revenue: ~$3.46M

It still earns, still works, and still has a loyal user base. But competition has compressed margins. Revenue tells you who’s winning the perp war right now.

You remember our prediction that Bitcoin would return to $80K when the entire market believed BTC would hold $100K and continue moving up.

And we’ve shared high-potential tokens that are positioned for 200% growth in one month, while the broader market looks quiet and sluggish.

This series will be updated more frequently in the PRO edition moving forward.

  • Monthly Plan: Was $29/mo → Now $3.99/mo

  • Annual Plan: Was $199/yr → Now $29/year 🤯

Unlock all PRO signals now 👇

💳 CRYPTO VS. TRADFI 2025 RESULTS

A. 2025 Performance Snapshot

  • Gold: +62.5%

  • S&P 500: +18.2%

  • ETH: +4.5%

  • BTC: +3.9%

In a single-year window, traditional assets absolutely mopped the floor with crypto. Inflation hedges worked.

B. The 10-Year Reality

But the long-term investment is completely different story!

Over roughly 10 years:

  • ETH: +329,400%

  • BTC: +20,800%

  • S&P 500: +302.4%

  • Gold: +280.5%

This is why patience is the real alpha.

Crypto is volatile, cyclical, and emotionally violent. TradFi is steady, slower, and easier to stomach. Both have their place.

But only one asset class has repeatedly rewritten what exponential adoption looks like.

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.

If you’re interested in other topics and want to stay ahead of how Crypto is reshaping the markets, from whale strategies to the next major altcoin narrative, you can explore more of our deep-dive articles here:

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