Tether and Circle top $169m in weekly revenue as DEX activity falls

Tether and Circle have retained the top two places in DeFiLlama’s revenue rankings, with a combined $169.34 million over seven days, as the platform’s Oct. 28 data show lower weekly decentralized exchange trading activity. Summary Tether and Circle recorded a combined $169.34 million in estimated revenue over seven days. DEX spot trading volume fell 11.30% on DeFiLlama’s weekly measure. Circle’s second-quarter reserve income grew 5% despite a 66-basis-point decline in reserve yields. Circle paid $819 million to distribution partners and transaction costs during the first half of 2026. DeFiLlama’s Oct. 28 revenue table lists $121.23 million for Tether and $48.11 million for Circle, ahead of Hyperliquid’s $14.18 million and Pump’s $13.04 million. The dashboard records $35.72 million in revenue over 24 hours and $1.247 billion across 30 days, with its weekly change indicator at minus 11.83%. Stablecoin revenue remains led by reserve assets In the earlier snapshot circulating on X, Tether’s seven-day figure stood at $121.55 million and Circle’s at $48.29 million. Hyperliquid followed with $14.92 million, while Pump recorded $13.39 million. The supplied image places both stablecoin issu...