Top 10 Protocols by Owner Revenue Over the Past 30 Days Owner revenue is the actual value flowing back to token holders, not just total fees. This distribution happens through four main channels: token burns, buybacks, fee distribution to stakers, and validator/staker income on-chain. Here's the latest ranking: CantonNetwork - $63.9M HyperliquidX - $52.5M trondao - $31.2M edgeX_exchange - $19.9M Pumpfun - $17.8M ethereum - $7.6M chainlink - $4.6M AerodromeFi - $4.1M OREsupply - $2.9M Uniswap - $2.9M What's driving the top spots? Chains like Canton and Tron lead because 100% of their fees flow directly to validators, with no protocol layer taking a cut upfront. But here's the bigger picture: Owner revenue has dropped 36% over the last 30 days as memecoin activity on Solana cools down. That's a significant shift in market dynamics. Data via DefiLlama This is not financial advice — just the numbers telling the story.