Data: In December 2024, Tether and Circle's on-chain revenue totaled 664 million dollars

ChainCatcher news, according to CryptoSlate, data from DeFiLlama shows that the on-chain revenue of the cryptocurrency industry in December 2024 is quite substantial, with stablecoin issuers taking the largest share.

These issuers collectively earned over $664 million, accounting for more than 40% of the total revenue of $1.5 billion generated by crypto protocols. The issuer of the USDT stablecoin, Tether, became the largest contributor, with revenue reaching $532.1 million. Following closely is the USDC issuer, Circle, with revenue of $132.77 million. Together, these two issuers dominate the stablecoin space, holding nearly 90% of the market share, with a market valuation exceeding $200 billion.