2026-01-03 13:24:41

The 2025 DeFi track fee competition has already begun. According to on-chain data, Meteora leads the field with $1.25 billion in fee income, making it the most profitable DeFi protocol currently. Following closely are Jupiter and Uniswap, which have earned $1.11 billion and $1.06 billion in fees, respectively. The gap between the top three protocols has narrowed to the billion-dollar level, and the competition is becoming increasingly intense. Meteora's ability to occupy the top spot reflects the market's recognition of different DEX models—ranging from trading depth, user experience, to fee structures, each striving to optimize their competitiveness. How this ranking will evolve next is worth continuous observation.

JUP-4,38%

UNI-3,48%

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OptionWhisperer

· 01-06 06:03

Seeing Meteora suddenly take the lead this time, it's a bit unexpected... But upon closer thought, it must be that their fee rate is locked in quite tightly.

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VitaliksTwin

· 01-05 14:29

Meteora is truly amazing, with $1.25 billion in fees crushing the competition. That must be a huge trading volume. Jupiter and Uniswap are not resting either; the gap is only one or two billion... It feels like a turnaround could happen at any time. The DeFi battle is becoming more intense, and even slight differences in fee structures can change the landscape. So, can Meteora hold steady, or is it just another flash in the pan? Wait, is this data the latest... It seems like the rankings were different last month.

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ThatsNotARugPull

· 01-03 13:54

Meteora is truly amazing, with $1.25 billion in fees directly elevating it to the gods, leaving Jupiter and Uniswap to step aside.

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LiquidationWatcher

· 01-03 13:54

Meteora is really impressive this time, forcefully surpassing Uniswap.

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FlippedSignal

· 01-03 13:30

Meteora this wave is really amazing, with 1.25 billion USD directly thrown out, but to be honest, the gap shrinking to the billion level feels unstable... Jupiter and Uniswap are watching closely.

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