Analysis: Tether topped the list with $93.57 million in fees last week, followed by Ethereum and Raydium

Leon Waidmann, research director of the Onchain Foundation, said in an article on X that stablecoins continue to be the most profitable business on the chain. The top three projects in terms of fees in the past week are: Tether: $93.57 million; Ethereum: $65.19 million; Raydium: $39.26 million.