這些是按收入排名的頂級區塊鏈

聰明的加密貨幣投資人會問一個簡單的問題：這家加密貨幣公司賺錢嗎？用傑瑞·馬奎爾的話來說，「給我看錢」。

Intelligent crypto investors ask a simple question: is this crypto company making money?

聰明的加密貨幣投資人會問一個簡單的問題：這家加密貨幣公司賺錢嗎？

In the words of Jerry Maguire, SHOW ME THE MONEY.

用傑瑞·馬奎爾的話來說，「給我看錢」。

Revenue, fees, market cap, and daily active users (DAUs) are some of our most important metrics for determining money flow.

收入、費用、市值和每日活躍用戶 (DAU) 是我們確定資金流的一些最重要的指標。

We’re focusing on top crypto companies earning the most revenue in this feature.

我們專注於在此功能中賺取最多收入的頂級加密貨幣公司。

We’ve unpacked the highest-earning projects and explained them in one easy-to-understand chart.

我們解開了收入最高的項目，並用一張易於理解的圖表對其進行了解釋。

Revenue Defined

收入定義

Because crypto is new and evolving, there are various definitions of “revenue,” but we use the standard developed by Token Terminal.

由於加密貨幣是新的且不斷發展的，因此「收入」有多種定義，但我們使用 Token Terminal 開發的標準。

In crypto, “revenue” reflects a crypto company’s total fees that go back into the protocol. This revenue is usually earned via transaction fees, such as:

在加密貨幣中，「收入」反映了加密貨幣公司返回協議的總費用。該收入通常透過交易費用賺取，例如：

Some fees are paid to users or network participants, but the crypto company saves some for organizational support, project development, or innovation. Those fees saved by the company are defined as “revenue.”

有些費用是支付給使用者或網路參與者的，但加密貨幣公司會節省一些費用用於組織支援、專案開發或創新。公司節省的這些費用被定義為「收入」。

The Relationship Between Revenue and Project Success

收入與專案成功之間的關係

Revenues and fees can indicate a crypto project’s success and long-term sustainability. Higher revenue figures generally indicate substantial demand for a project, demonstrating its real utility. Blockchain projects generating significant revenue are more likely to survive competition in the long term.

收入和費用可以表明加密貨幣項目的成功和長期可持續性。較高的收入數字通常表示對專案的巨大需求，證明了其真正的效用。從長遠來看，產生大量收入的區塊鏈項目更有可能在競爭中生存。

Top Blockchains Ranked by Revenue

按收入排名的頂級區塊鏈

Ethereum

以太坊

Revenue Source: Revenue on Ethereum is generated by network fees, also called gas fees. These fees come from the Layer-2 solutions built on Ethereum. These additional fees can be significant.

收入來源：以太坊的收入由網路費用（也稱為汽油費）產生。這些費用來自基於以太坊構建的 Layer-2 解決方案。這些額外費用可能很高。

In 2021, the Ethereum blockchain adopted the EIP 1559 upgrade to change how fees are calculated and processed. The new fee system uses block-based and sender-specified maximum fees instead of auctions for gas prices.

2021 年，以太坊區塊鏈採用了 EIP 1559 升級，改變了費用的計算和處理方式。新的費用系統使用基於區塊和發送者指定的最高費用，而不是拍賣天然氣價格。

Daily revenue on Ethereum peaked in March 2024 at over $35 million, driven by an increase in DeFi and NFT activity in the first quarter of the year. The meme coin hype has also contributed to revenue growth by stimulating transaction count.

受第一季 DeFi 和 NFT 活動增加的推動，以太坊的每日收入於 2024 年 3 月達到峰值，超過 3500 萬美元。模因幣的炒作也透過刺激交易數量促進了收入成長。

Revenue dynamics share a direct relationship with the Ethereum price and market cap.

收入動態與以太幣價格和市值有直接關係。

Tron

創

Revenue Source: Tron earns revenue by levying fees on TRX transactions, which are then burned to drive the token's deflation.

收入來源：Tron 透過對 TRX 交易收取費用來賺取收入，然後將這些費用銷毀以推動代幣通貨緊縮。

Tron is an Ethereum alternative that focuses more on Asian markets. It was launched in 2017 by Justin Sun, an extravagant crypto entrepreneur known for paying $4.5 million for a charity dinner with Warren Buffett.

Tron 是以太坊的替代品，更關注亞洲市場。它由賈斯汀·孫 (Justin Sun) 於 2017 年推出，他是一位奢侈的加密貨幣企業家，因支付 450 萬美元與沃倫·巴菲特 (Warren巴菲特) 舉行慈善晚宴而聞名。

Tron, which uses a more efficient but centralized Delegated Proof of Stake (DPoS) consensus algorithm, is currently the 14th largest blockchain network in the world.

Tron採用更有效率但中心化的委託股權證明（DPoS）共識演算法，目前是全球第14大區塊鏈網路。

With over $9 billion in TVL, Tron is the second-largest DeFi player after Ethereum. However, it has an isolated ecosystem, and almost $7 billion of the TVL comes from its lending protocol, JustLend.

Tron 的 TVL 超過 90 億美元，是僅次於以太坊的第二大 DeFi 玩家。然而，它有一個孤立的生態系統，近 70 億美元的 TVL 來自其借貸協議 JustLend。

Maker DAO

創客DAO

Revenue Source: The platform generates revenue from the interest paid by borrowers, liquidated collateral, and the fees paid to maintain the DAI peg.

收入來源：該平台透過借款人支付的利息、清算的抵押品以及維持 DAI 掛鉤所支付的費用來產生收入。

Maker is one of TVL's largest DeFi apps, with over $9 billion worth of crypto in its smart contracts.

Maker 是 TVL 最大的 DeFi 應用程式之一，其智能合約中包含價值超過 90 億美元的加密貨幣。

The Ethereum-based protocol acts as a lending platform and a money system, issuing its USD-backed stablecoin called DAI.

基於以太坊的協議充當借貸平台和貨幣系統，發行由美元支持的穩定幣 DAI。

Maker’s daily revenue fluctuates below $1 million, with occasional spikes to over $1 million and even $10+ million. The metric shows a lower correlation to the token price. However, these charts clearly show a link between Ethereum and Maker DAO revenue streams, most likely because Maker is built on top of Ethereum. Due diligence for Maker DAO will almost certainly include research and analysis of ETH as well.

Maker 的每日收入波動在 100 萬美元以下，偶爾會飆升至 100 萬美元以上，甚至超過 1000 萬美元。此指標顯示與代幣價格的相關性較低。然而，這些圖表清楚地顯示了以太坊和 Maker DAO 收入流之間的聯繫，很可能是因為 Maker 是建立在以太坊之上的。 Maker DAO 的盡職調查幾乎肯定也包括對 ETH 的研究和分析。

Solana

索拉納

Revenue Source: The network employs a fee system in which 50% of all fees reach validators, and 50% is burned. As per Token Terminal, revenue peaked at over $2.5 million in March.

收入來源：網路採用收費系統，其中 50% 的費用到達驗證者，50% 被銷毀。根據 Token Terminal 的數據，3 月的營收達到高峰超過 250 萬美元。

Since the beginning of 2023, Solana has been the fastest-growing blockchain network, occasionally overtaking Ethereum on several fronts, such as NFT trading volume and DAUs. It also has a vibrant DeFi ecosystem, attracting about $5 billion in TVL.

自 2023 年初以來，Solana 一直是成長最快的區塊鏈網絡，有時在 NFT 交易量和 DAU 等多個方面超越以太坊。它還擁有充滿活力的 DeFi 生態系統，吸引了約 50 億美元的 TVL。

Solana has more active users and transactions daily than Ethereum and could secure higher revenues. However, it charges much lower fees than Ethereum, meaning it will have to make it up in the volume of transactions (i.e., more users transacting on Solana more frequently).

Solana 比以太坊擁有更多的活躍用戶和每日交易量，確保更高的收入。然而，它收取的費用比以太坊低得多，這意味著它必須透過交易量來彌補（即更多用戶在 Solana 上更頻繁地進行交易）。

Avalanche

雪崩

Revenue Source: Avalanche is supported by transaction fees paid in AVAX that are burned after the transaction.

收入來源：Avalanche 由 AVAX 支付的交易費用支持，交易費用在交易後被銷毀。

Avalanche is a Layer-1 blockchain that focuses on efficiency and interoperability. It shares similarities with Ethereum by leveraging the Solidity programming language to enable developers to build apps compatible with both networks.

Avalanche 是一個注重效率和互通性的 Layer-1 區塊鏈。它與以太坊有相似之處，透過利用 Solidity 程式語言使開發人員能夠建立與兩個網路相容的應用程式。

Avalanche’s top position in terms of revenue is mainly due to a surge in transaction fees at the end of 2023. In December, the network’s fees surged to $53 million. That was over 25 times higher than

Avalanche 在收入方面排名第一的主要原因是 2023 年底交易費用激增。這比之前高出 25 倍以上