2026-01-03 09:23:39

This year's DeFi market fee ranking has been released, and the results are quite interesting. Meteora, Jupiter, and a leading DEX protocol have firmly secured the top tier positions, all surpassing the key threshold of 1 billion USD. Among them, Meteora leads with a fee income of 1.25 billion USD; Jupiter follows closely with 1.11 billion USD; the third-ranked leading DEX protocol also holds its own, with fee income reaching 1.06 billion USD. The fact that these three protocols stand out among many DeFi projects indicates that they truly excel in trading volume and user stickiness. High fee income often reflects market recognition of these protocols and also indirectly indicates trading activity.

MET0,71%

JUP-2,68%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
8
Repost
Share

Comment

0/400

CounterIndicator

· 01-05 20:30

Impressive numbers, but the real money makers are still the market makers, right? --- Meteora is awesome, 1.25 billion directly crushing it, but in the end, users still pay the fees. --- Jupiter has been consistently delivering, relying on what? Solid trading depth. --- High fees = high recognition? I don't think so... Sometimes it's just that there are more retail investors, haha. --- Three companies share over a billion, and the smaller projects are left with nothing to drink. --- Why can Meteora outperform Jupiter by so much? Can on-chain data explain it? --- The numbers look great, but is trading activity really increasing? I feel like everyone is just transferring funds among themselves. --- Honestly, this ranking has little reference value; the key is who can survive until next year. --- Fee ranking? I only care about which token will finally go up.

View OriginalReply0

BackrowObserver

· 01-05 15:46

Wow, Meteora can make so much money? 1.25 billion USD just took off --- Jupiter is so steady this time, earning 1.1 billion in fees just like that --- It's really outrageous for the three to band together like this, how can other small protocols survive --- Oh my God, I just realized this thing, 1.25 billion, is this real? --- The monopoly of the top players is getting more and more intense, new projects basically have no chance --- Can transaction activity be seen from fees? Then why am I still losing money? --- How does Meteora outperform Jupiter by so much? Is there insider info? --- Starting at 1 billion USD to be in the top tier, truly impressive --- This ranking is a bit uncertain, maybe the data is inflated --- Strong user stickiness doesn't necessarily mean a good protocol, why don't I believe it?

View OriginalReply0

FlashLoanLord

· 01-05 08:34

Damn, Meteora is crushing it directly. The figure of 1.25 billion USD is a bit outrageous. Jupiter is steady this time, but it seems the Solana ecosystem is indeed more popular. Such high transaction fees... users must be suffering huge losses haha. Why are these three able to secure their positions? I feel like they're all just cutting the leeks. What makes Meteora so far ahead? Do they really have some secret skills? I like Jupiter, but I'm worried about black swan events happening later. Hundreds of millions of dollars in fees... Oh my god, this money is just too easy to make. Being able to break out of DeFi shows that users are indeed trading wildly this wave. This ranking changes every month, right? It feels a bit虚.

View OriginalReply0

NFTHoarder

· 01-03 09:52

Wow, Meteora directly reached 1.25 billion, and Jupiter didn't fall behind too much. These three really have DeFi wrapped up tightly.

View OriginalReply0

GasGuzzler

· 01-03 09:51

Meteora is really aggressive this time, with 1.25 billion dollars taking off directly. Jupiter hasn't been idle either. These three companies have indeed firmly taken over the entire market.

View OriginalReply0

CascadingDipBuyer

· 01-03 09:45

Meteora this time is really impressive, 1.25 billion USD, how did it achieve that? --- Jupiter is still struggling, but Meteora has already taken off haha --- The threshold of one billion USD, these three really competed and won --- The fact that fee income can be so high shows that users are really going crazy inside --- Why does Meteora have more than 100 million USD more than Jupiter? Different trading depth? --- It seems that DeFi activity is still quite good, these numbers are right here --- A billion USD-level protocol, sounds incredible... --- Some leading DEXs are frustrated, being pushed to third place --- How stable is this ranking? Could it reverse next month? --- Are higher fees better? Or does it mean someone is trading frantically and losing money, haha

View OriginalReply0

TrustlessMaximalist

· 01-03 09:40

Meteora has taken off directly, with 1.25 billion, which is quite impressive. Jupiter is also very steady this time. The ecosystem business still depends on trading volume to speak. But in reality, the ones making real money are the LPs. Who gets the trading fees?

View OriginalReply0

GasFeeVictim

· 01-03 09:31

Meteora this time is really amazing, 1.25 billion directly taking off, us small retail investors are being drained by fees every day.

View OriginalReply0