#Five DeFi protocols see record-high revenue#
Hot Topic Overview
Overview
In December 2024, the top five DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) generated a combined revenue of $158 million. Among them, Ethena, Sky, Aerodrome, and Aave all achieved record-breaking monthly revenue. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for 2024. Sky also recorded its highest monthly revenue, reaching nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome's December revenue was approximately $38 million, also a record high, representing 15.6% of its total revenue for 2024. Aave's December revenue was $13.6 million, a record high, accounting for 16.7% of its total revenue for 2024. Lido was the only DeFi application that did not achieve a record-breaking monthly revenue, with December revenue of $9.6 million, representing 9.3% of its total revenue for 2024. This indicates that DeFi protocol revenue is steadily increasing and reached new heights in December 2024.
Ace Hot Topic Analysis
Analysis
In December 2024, the top five DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) generated a combined revenue of $158 million, with four of the protocols setting new monthly revenue records. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for the year. Sky also saw its highest monthly revenue ever, reaching nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome generated approximately $38 million in revenue in December, also a record high, representing 15.6% of its total revenue for 2024. Aave's monthly revenue also reached a record high of $13.6 million, accounting for 16.7% of its total revenue for the year. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total revenue for 2024. The growth in revenue for these protocols indicates a thriving DeFi space with increasing user demand for these protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five major DeFi protocols hit a new high in total revenue of $158 million in December 2024, with four protocols setting new monthly revenue records.
Ethena led the way with $56.9 million in monthly revenue, accounting for nearly 25% of its total 2024 revenue.
Sky, Aerodrome, and Aave also set new monthly revenue records, accounting for 13%, 15.6%, and 16.7% of their total 2024 revenue, respectively.
Lido was the only DeFi protocol that did not set a new monthly revenue record, with $9.6 million in December revenue, accounting for 9.3% of its total 2024 revenue.