Tether Leads Crypto Protocols with $5.2B Revenue in 2025, 41.9% Market Share
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2d ago- Stablecoin Dominance: In 2025, Tether led with $5.2 billion in revenue, accounting for 41.9% of total revenue across 168 protocols, highlighting the strong resilience and market leadership of stablecoins in the crypto landscape.
- Tron's Strong Performance: Tron ranked second among blockchains with approximately $3.5 billion in revenue, establishing itself as the preferred network for USDT transactions, thereby reinforcing its significance within the stablecoin ecosystem.
- Volatility in Trading Platforms: While trading platforms experienced significant revenue fluctuations due to market sentiment, stablecoin issuers maintained steady earnings, with four major issuers generating around $8.3 billion, demonstrating their risk resilience in a volatile market.
- Market Capitalization Trends: The total crypto market capitalization fell by 10.4% to $3.0 trillion in 2025; however, average daily trading volumes peaked at $161.8 billion in Q4, indicating active trading amidst market turbulence.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
