Market Overview - Perpetual DEXes represent a significant portion of the top protocols, with three ranking in the top 10 by 24-hour fees [1] - Stablecoins lead in fees generated with $29.8 million, highlighting their importance in the ecosystem [1] - Tether (USDT) dominates the stablecoin market with $22.08 million in fees [1] - Circle (USDC) follows with $7.72 million in fees, indicating its market share [1] Perpetual DEX Analysis - Perpetual DEXes collectively generated $29.01 million in fees [1] - Aster DEX leads among Perpetual DEXes with $16.20 million in fees [1] - Jupiter Exchange generated $8.24 million in fees [1] - HyperliquidX generated $4.57 million in fees [1] - Uniswap generated $5.78 million in fees [1] Other Protocols - Basis Trading, represented by Ethena Labs, generated $12.40 million in fees [1] - DEXes (excluding perpetuals) generated $8.05 million in fees [1] - Lending protocols, exemplified by Aave, generated $3.25 million in fees [1] - Liquid Staking protocols, exemplified by Lido Finance, generated $2.65 million in fees [1]