In 2025, the profit-generating machines of the DeFi ecosystem delivered impressive results. On the fee income leaderboard, Meteora took the lead with an annual revenue of $1.25 billion. Following closely was Jupiter, with revenue reaching $1.11 billion. The third place went to a leading DEX, which also hit $1.06 billion. These three protocols all surpassed the $1 billion mark, indicating that trading volume and user activity remain strong. Differences in fee models and liquidity depth among various protocols are ultimately reflected in the revenue data, which also demonstrates the gradually clarifying competitive landscape of DeFi.