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Check out the ranking of AI protocol fee collections. I really didn't expect VIRTUAL to be so fierce—since the beginning of the year, it has already raised over $15 million. In other words, its 2025 revenue is projected to reach the $75 million level.
But if we talk about real growth momentum, RENDER is the real player. Its annualized revenue has already surpassed $100 million, and AI rendering is entirely its domain.
Looking at the entire tier: ATH (over $10 million), IO (over $5 million), AIOZ, AKT, TAO, FET, THETA, GLM… each one more promising than the last.
What do these numbers tell us? It’s simple—whether a project has actual revenue is the dividing line for how long it can survive. Those that only tell stories will eventually be proven wrong by the data.
The question is: at this rate, who will sit at the top of fee growth in the AI protocol track by the end of 2026?