The post New Revenue Report Highlights Strong Month for Stablecoins and Key Crypto Platforms appeared on BitcoinEthereumNews.com. Fintech A new set of 30-day revenue figures is painting a clear picture of where the real money is being made in crypto — and where activity is fading fast. Key Takeaways: Tether and other stablecoin platforms led monthly crypto revenues. Most major networks recorded sharp revenue declines. Tron, Hyperliquid, and pump.fun remained category standouts. Stablecoin issuers once again tower over the rest of the market, even as overall earnings declined across most major networks. A Market Led by Cash-Like Assets The latest dataset shows that the “cash layer” of crypto remains its most profitable component.Tether sits miles ahead of every other project, pulling in $445.7 million over the past month. It was one of the only entities to post growth, edging 2% higher despite the broader slowdown. The network powering most stablecoin transfers — Tron — secured the second position with $209.5 million, followed closely by Circle, which logged $208.1 million.Both firms saw modest declines, but their dominance in onchain payments left them firmly entrenched at the top. Heavy Hitters Take a Step Back Lower trading enthusiasm hit several high-volume projects hard. Hyperliquid, a standout in decentralized derivatives, booked $89 million, down more than 10%. The protocol still vastly outperformed most DeFi competitors, though others struggled more noticeably. PancakeSwap endured one of the worst monthly slumps, with revenue collapsing nearly 49% to $26.9 million. MakerDAO’s Sky ecosystem generated $34.4 million, while Ethena’s income fell sharply to $26.9 million following a 27% slide. One of the rare bright spots was pump.fun, which bucked the trend with $31.9 million — a 13.7% monthly jump fuelled by speculative meme-coin creation. Layer-1 Chains Feel the Slowdown Base-layer networks were hit even harder than DeFi platforms. Activity on Ethereum dropped sharply, dragging revenue down 55.5% to just $7.9 million. Other chains saw similar double-digit… The post New Revenue Report Highlights Strong Month for Stablecoins and Key Crypto Platforms appeared on BitcoinEthereumNews.com. Fintech A new set of 30-day revenue figures is painting a clear picture of where the real money is being made in crypto — and where activity is fading fast. Key Takeaways: Tether and other stablecoin platforms led monthly crypto revenues. Most major networks recorded sharp revenue declines. Tron, Hyperliquid, and pump.fun remained category standouts. Stablecoin issuers once again tower over the rest of the market, even as overall earnings declined across most major networks. A Market Led by Cash-Like Assets The latest dataset shows that the “cash layer” of crypto remains its most profitable component.Tether sits miles ahead of every other project, pulling in $445.7 million over the past month. It was one of the only entities to post growth, edging 2% higher despite the broader slowdown. The network powering most stablecoin transfers — Tron — secured the second position with $209.5 million, followed closely by Circle, which logged $208.1 million.Both firms saw modest declines, but their dominance in onchain payments left them firmly entrenched at the top. Heavy Hitters Take a Step Back Lower trading enthusiasm hit several high-volume projects hard. Hyperliquid, a standout in decentralized derivatives, booked $89 million, down more than 10%. The protocol still vastly outperformed most DeFi competitors, though others struggled more noticeably. PancakeSwap endured one of the worst monthly slumps, with revenue collapsing nearly 49% to $26.9 million. MakerDAO’s Sky ecosystem generated $34.4 million, while Ethena’s income fell sharply to $26.9 million following a 27% slide. One of the rare bright spots was pump.fun, which bucked the trend with $31.9 million — a 13.7% monthly jump fuelled by speculative meme-coin creation. Layer-1 Chains Feel the Slowdown Base-layer networks were hit even harder than DeFi platforms. Activity on Ethereum dropped sharply, dragging revenue down 55.5% to just $7.9 million. Other chains saw similar double-digit…