According to DefiLlama data, Tether’s USDT and Circle’s USDC stablecoins have generated $93 million and $28 million in revenue, respectively, in the past week. During the same period, the Ethereum, Tron, and Solana networks saw revenues of $19 million, $11 million, and $9.6 million. Solana-based protocols and trading bots are also performing well, with platforms like Photon and pump.fun generating over $6 million each in the last seven days. This surpasses the revenue generated by Ethereum-based DeFi heavyweights such as Maker, Lido, or Aave.
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