这些是按收入排名的顶级区块链

聪明的加密货币投资者会问一个简单的问题：这家加密货币公司赚钱吗？用杰里·马奎尔的话来说，“给我看钱”。

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

聪明的加密货币投资者会问一个简单的问题：这家加密货币公司赚钱吗？

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

用杰里·马奎尔的话来说，“给我看钱”。

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

收入、费用、市值和每日活跃用户 (DAU) 是我们确定资金流的一些最重要的指标。

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

我们专注于在此功能中赚取最多收入的顶级加密货币公司。

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

我们解开了收入最高的项目，并用一张易于理解的图表对其进行了解释。

Revenue Defined

收入定义

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

由于加密货币是新的且不断发展的，因此“收入”有多种定义，但我们使用 Token Terminal 开发的标准。

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:

在加密货币中，“收入”反映了加密货币公司返回协议的总费用。该收入通常通过交易费用赚取，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.”

有些费用是支付给用户或网络参与者的，但加密货币公司会节省一些费用用于组织支持、项目开发或创新。公司节省的这些费用被定义为“收入”。

The Relationship Between Revenue and Project Success

收入与项目成功之间的关系

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.

收入和费用可以表明加密货币项目的成功和长期可持续性。较高的收入数字通常表明对项目的巨大需求，证明了其真正的效用。从长远来看，产生大量收入的区块链项目更有可能在竞争中生存下来。

Top Blockchains Ranked by Revenue

按收入排名的顶级区块链

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.

收入来源：以太坊的收入由网络费用（也称为汽油费）产生。这些费用来自基于以太坊构建的 Layer-2 解决方案。这些额外费用可能很高。

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，以太坊区块链采用了 EIP 1559 升级，改变了费用的计算和处理方式。新的费用系统使用基于区块和发送者指定的最高费用，而不是拍卖天然气价格。

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.

受第一季度 DeFi 和 NFT 活动增加的推动，以太坊的每日收入于 2024 年 3 月达到峰值，超过 3500 万美元。模因币的炒作还通过刺激交易数量促进了收入增长。

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

收入动态与以太坊价格和市值有直接关系。

Tron

创

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

收入来源：Tron 通过对 TRX 交易收取费用来赚取收入，然后将这些费用销毁以推动代币通货紧缩。

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，更关注亚洲市场。它由贾斯汀·孙 (Justin Sun) 于 2017 年推出，他是一位奢侈的加密货币企业家，因支付 450 万美元与沃伦·巴菲特 (Warren巴菲特) 举行慈善晚宴而闻名。

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采用更高效但中心化的委托股权证明（DPoS）共识算法，目前是全球第14大区块链网络。

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 超过 90 亿美元，是仅次于以太坊的第二大 DeFi 玩家。然而，它有一个孤立的生态系统，近 70 亿美元的 TVL 来自其借贷协议 JustLend。

Maker DAO

创客DAO

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

收入来源：该平台通过借款人支付的利息、清算的抵押品以及维持 DAI 挂钩所支付的费用来产生收入。

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 应用程序之一，其智能合约中包含价值超过 90 亿美元的加密货币。

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

基于以太坊的协议充当借贷平台和货币系统，发行由美元支持的稳定币 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 的每日收入波动在 100 万美元以下，偶尔会飙升至 100 万美元以上，甚至超过 1000 万美元。该指标显示与代币价格的相关性较低。然而，这些图表清楚地显示了以太坊和 Maker DAO 收入流之间的联系，很可能是因为 Maker 是建立在以太坊之上的。 Maker DAO 的尽职调查几乎肯定也包括对 ETH 的研究和分析。

Solana

索拉纳

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.

收入来源：网络采用收费系统，其中 50% 的费用到达验证者，50% 被销毁。根据 Token Terminal 的数据，3 月份的收入达到峰值超过 250 万美元。

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 年初以来，Solana 一直是增长最快的区块链网络，有时在 NFT 交易量和 DAU 等多个方面超越以太坊。它还拥有充满活力的 DeFi 生态系统，吸引了约 50 亿美元的 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 比以太坊拥有更多的活跃用户和每日交易量，可以确保更高的收入。然而，它收取的费用比以太坊低得多，这意味着它必须通过交易量来弥补（即更多用户在 Solana 上更频繁地进行交易）。

Avalanche

雪崩

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

收入来源：Avalanche 由 AVAX 支付的交易费用支持，交易费用在交易后被销毁。

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 是一个注重效率和互操作性的 Layer-1 区块链。它与以太坊有相似之处，通过利用 Solidity 编程语言使开发人员能够构建与两个网络兼容的应用程序。

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 年底交易费用激增。12 月，该网络的费用飙升至 5300 万美元。这比之前高出 25 倍以上