Data: Top 10 DeFi protocols accounted for 87% of holder revenue in the past month, with Hyperliquid leading

Over the past month, the top 10 protocols by holder revenue accounted for 87% of the revenue earned by DeFi token holders. Among them, Hyperliquid accounted for 38.4% ($53.5 million), edgeX accounted for 16.7% (approximately $23.3 million), and Pump accounted for 16.4% (approximately $22.9 million). DefiLlama's holder revenue primarily includes buyback and burn, fee burn, and revenue distributed to stakers or token holders, and is not equivalent to the protocol's total transaction fees.