DefiLlama data shows the top 10 DeFi protocols generated more than 80% of revenue returned to token holders, with Pump ranking second at about $3.5 million.
Revenue returned to token holders by DeFi protocols was heavily concentrated over the past week, with a small group of projects capturing most of the total. DefiLlama data shows the top 10 protocols accounted for more than 80% of those distributions, underscoring how fee-sharing in decentralized finance remains dominated by a handful of platforms. Hyperliquid led the ranking at about $12.3 million, representing roughly 43.9% of the total, while Pump placed second at about $3.5 million.