Tokens over Protocol revenue

Name: Bags That Pay Underlying Index: Protocol revenue
Creator: Bags That Pay
Published: 2026-09-08
License: https://bagsthatpay.com/terms

Every token whose issuer says it represents Protocol revenue, counted by the shape of the claim.

Counts are of published terms on the date they were read, not a statement about any token today.

tokens: 80
rights quoted from issuer terms: 0

By exposure type

tokens, largest first

By exposure type


Revenue distribution	36
Buyback	34
Burn	10

Exposure types with fewer than 30 tokens over this underlying are counted here but carry no page of their own; the table above lists every token either way.

Download the Protocol revenue exposure-type dataset (CSV), free to reuse with citation.

Sources, citation and related pages

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The tokens whose issuer states what they represent in Protocol revenue was 80 in as read on the date shown, across 80 token records recorded in the issuers' own terms, DeFiLlama and CoinGecko.

Cite as: "Bags That Pay Underlying Index: Protocol revenue", updated 2026-09-08, https://bagsthatpay.com/tokenized/protocol-revenue/.

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Tokens whose issuer states what they represent · Protocol revenue · as read on the date shown

token records	80

Source: Bags That Pay Underlying Index: Protocol revenue

<figure style="margin:0;max-width:340px;padding:16px 18px;border:1px solid #e2e8f0;border-radius:10px;background:#ffffff;color:#0f172a;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif;line-height:1.4;"><figcaption style="margin:0 0 6px;font-size:11px;letter-spacing:.04em;text-transform:uppercase;color:#64748b;background:#ffffff;">Tokens whose issuer states what they represent &middot; Protocol revenue &middot; as read on the date shown</figcaption><p style="margin:0;font-size:26px;font-weight:700;color:#0f172a;background:#ffffff;">80<span style="font-size:14px;font-weight:400;color:#64748b;"></span></p><table style="width:100%;border-collapse:collapse;margin:10px 0 0;font-size:13px;background:#ffffff;border:0;"><tbody style="background:#ffffff;"><tr style="background:#ffffff;"><th scope="row" style="text-align:left;font-weight:400;color:#64748b;background:#ffffff;border:0;padding:3px 0;">token records</th><td style="text-align:right;font-weight:600;color:#0f172a;background:#ffffff;border:0;padding:3px 0;">80</td></tr></tbody></table><p style="margin:12px 0 0;font-size:12px;color:#64748b;background:#ffffff;">Source: <a href="https://bagsthatpay.com/tokenized/protocol-revenue/#stats" style="color:#2563eb;background:#ffffff;text-decoration:underline;">Bags That Pay Underlying Index: Protocol revenue</a></p></figure>

Source: CoinGecko markets, category real-world-assets-rwa (open API, page 1 of 250); DeFiLlama holders revenue (open API, fees overview, dataType=dailyHoldersRevenue); DeFiLlama protocol revenue (open API, fees overview, dataType=dailyRevenue); DeFiLlama protocols (open API, /protocols); Backed - legal documentation; Bags That Pay - methodology: how a tokenized asset is classified; Dinari - dShares; Backed - xStocks documentation, Introduction; Ondo Finance - OUSG product page; Ondo Finance - USDY product page; Paxos - Pax Gold (PAXG); Securitize - BlackRock USD Institutional Digital Liquidity Fund (BUIDL); Tether - Tether Gold; Circle - USYC; Franklin Templeton - Benji; Spiko - home; WisdomTree - digital funds

All 17 source pages; each is the

Methodology: Every figure on this site is an observation published by the source named beside it and read on the date shown; nothing here is our number. Every right is the issuer's own sentence, quoted whole from the page and date named beside it, or an explicit record that the issuer does not state it or that the page could not be read. The underlying and the exposure type are this directory's reading of those sentences and say so. Prices are not stored.

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