Token Terminal's latest data reveals the top 20 protocols that have generated notable fees over the past 30 days. The findings show that five L1 blockchains and one L2 blockchain made the list, with the remaining protocols falling under the DeFi category.

Ethereum leads the pack, generating an impressive $180 million in fees, while Base trails behind with approximately $6 million. This suggests that L2 expansion is gaining traction, as Base's activity has already surpassed Ethereum L1. Lido outperformed Jito in terms of fees, although Jito's growth rate was significantly higher. Uniswap DAO emerged as the top DEX, generating the most fees, while Uniswap Labs lagged behind in the same category.

MakerDAO and Ethena dominate the decentralized stablecoin issuer category, while Aave takes the lead in the lending sector, with a notable gap of $30 million over Morpho, the second-ranking lending protocol. Only Ethereum, Tron, Bitcoin, and Lido managed to generate fees exceeding $100 million in the 30-day period.

The data highlights the significant fees generated by top protocols, indicating a thriving ecosystem. The variation in fees across different categories and protocols demonstrates the diverse landscape of the industry. As the market continues to evolve, it will be interesting to see how these protocols adapt and innovate to stay ahead.

The findings also underscore the importance of on-chain data, providing valuable insights into the performance and growth of various protocols. By analyzing these trends, stakeholders can make informed decisions and drive innovation in the industry.