September saw the strongest holders revenue month since November 2025, driven by growth at Hyperliquid, Aerodrome, and Uniswap.
DeFi & Yields ·
Holders Revenue reached its highest level in September since November 2025, driven by gains across multiple protocols. Hyperliquid led the month-over-month growth with an increase of $12.8M, followed by Aerodrome at $10.3M and Uniswap at $6.2M, according to tracking data.
The three protocols accounted for the primary contributors to September's revenue expansion. The scale of gains across these platforms—particularly Hyperliquid and Aerodrome—suggests broad-based strength in their respective segments during the period.
What remains unclear is whether this September performance marks a sustained trend or a temporary spike, and whether other protocols beyond the three highlighted also saw material revenue changes during the month.