Decentralized exchange Hyperliquid has taken the top spot in CoinGecko’s crypto project revenue rankings for the start of 2026. According to CoinGecko, Hyperliquid pulled in $429 million — that’s 12.6% of the total $3.4 billion raked in by crypto projects during the reporting period. Pump.fun landed in second place with $322 million, while Axiom Pro came in third at $132 million. The top 15 projects together accounted for 56% of all revenue.

Inside CoinGecko’s Revenue Rankings

The data shows serious revenue concentration in the sector: just fifteen projects generated over half of all crypto revenue since the start of 2026. Hyperliquid led the pack with $429 million, snagging a hefty 12.6% share of the $3.4 billion total. CoinGecko’s methodology is based on project revenues since the beginning of 2026.

Top Earners and Their Numbers

The top three are clear: Hyperliquid at $429 million, Pump.fun at $322 million, and Axiom Pro at $132 million. These projects set the tone for industry revenue distribution in 2026, making up a big chunk of the sector’s results. The rest of the top 15 combined brought in more than half of the market’s total earnings.

Who Got Left Out?

CoinGecko left Tether, Circle, and Grayscale out of the rankings because of their unique business models and scale. This move kept the focus on comparable crypto projects and gave a more accurate snapshot of revenue for the period.