Top 15 Crypto Projects by Annualized Revenue
Crypto industry is driving the interest of all individuals who are very eager to invest and earn with digital currencies. Thereby to attract the users, crypto market launches many promising projects which reflects great impact on the industry.
Besides, the month of October has brought in many crypto projects which surged the market capitalization of the industry. In Particular, people’s interest in crypto has surged this year, becoming a popular digital culture in the world.
Moreover, data from Token Terminal released a list of top 15 crypto projects evaluating their Annual revenue for the day.
Promising Crypto Projects
Crypto adoptions are constantly rising resulting in high usage of digital currencies in recent times. Large number of active users are accounted for trading and transacting their assets resulting in high profits for the crypto projects.
Thus, the top 15 projects are Ethereum (ETH), Open Sea, Axie Infinity (AXS), UniSwap (UNI), Binance Smart Chain (BNB), dYdX (DYDX), Aave (AAVE), SushiSwap (SUSHI), PancakeSwap (CAKE), Compound (COMP), Bitcoin (BTC), Trader Joe (JOE), Lido Finance (LDO), yearn.finance (YFI) and Filecoin (FIL).
Interestingly, Ethereum (ETH) is the first one to enter the top list with total annual revenue of $12,130 million. This crypto project is the only one which secured a high annual profit rate thereby leading the table. The second largest digital currency is holding a current market value of $3,767.74.
On the other hand, the most popular and the crypto king Bitcoin (BTC) ranks in the eleventh position. The overall annual revenue of BTC is $272 million and the current market price is $61,950.96. But in the last few months, the entire crypto market was bearish due to a fall in BTC value. Thus, it can be the reason for Bitcoin to produce a low revenue.
Since the crypto industry has the power to change in the blink of an eye which results in a lot of fluctuations. So the other crypto projects are also excelling in the market satisfying its users with high rate services. Through its innovative projects and events, the crypto industry records a tremendous amount of inflow of attention which will raise the growth of the industry in future.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
