Tether and Circle top $169m in weekly revenue as DEX activity falls

Tether and Circle have retained the top two places in DeFiLlama’s revenue rankings, with a combined $169.34 million over seven days, as the platform’s Oct. 28 data show lower weekly decentralized exchange trading activity. Tether and Circle recorded a combined $169.34 million in estimated revenue over seven days. DEX spot trading volume fell 11.30% on DeFiLlama’s weekly measure. Circle’s second-quarter reserve income grew 5% despite a 66-basis-point decline in reserve yields. Circle paid $819 million to distribution partners and transaction costs during the first half of 2026. DeFiLlama’s Oct.