Three DeFi Platforms Distribute $96.3M to Holders

Three emerging decentralized finance platforms, Hyperliquid, Pump.fun, and EdgeX, distributed a combined 96.3 million dollars to their token holders over the past 30 days, according to DefiLlama data. The payouts highlight a growing emphasis in the DeFi sector on sharing actual revenue with users rather than relying on metrics like total value locked or transaction speeds.

Hyperliquid led with 50.95 million dollars in protocol revenue, directing the entire amount to holders through its Assistance Fund, which captures 97 percent of trading fees for automated token buybacks. The platform spent nothing on user incentives during the period. Pump.fun returned 22.09 million dollars to holders from 38.81 million dollars in total revenue, following a policy shift in late April to split net fees 50-50 between operations and buy-and-burn mechanisms. EdgeX distributed 23.26 million dollars despite generating only 8.26 million dollars in protocol revenue, indicating use of reserves or other funding sources.

On an annualized basis, the platforms show substantial scale: Hyperliquid at 945.87 million dollars, all returned to holders; Pump.fun at 481.15 million dollars; and EdgeX at 236.42...