Defi
OAK Research: Stablecoin Issuer Revenue Beat Chain Fees 7.4 to 1 in Q3
COINOTAG·November 4, 2026·1 min read
OAK Research reports that Tether and Circle generated $2.1 billion in Q3 revenue, 7.4 times the combined fees of 13 major blockchains. This stark gap underscores the profitability of stablecoin issuance versus chain activity. The research explores what this means for Sui's fee economics, suggesting potential growth opportunities.
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