#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-high monthly revenue. Ethena led the pack with $56.9 million in revenue, accounting for nearly 25% of its total revenue for 2024. Sky also recorded its highest monthly revenue, reaching nearly $40 million, representing 13% of its total revenue for 2024. Aerodrome's December revenue was approximately $38 million, another record high, accounting for 15.6% of its total revenue for 2024. Aave's monthly revenue also hit a record high at $13.6 million, representing 16.7% of its total revenue for 2024. Lido was the only DeFi application that did not achieve a record-high monthly revenue in December, generating $9.6 million, accounting for 9.3% of its total revenue for 2024. These figures indicate that DeFi protocol revenue is steadily increasing and is poised to continue its strong growth trajectory in the future.
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 annual revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome generated approximately $38 million in revenue in December, another record high, representing 15.6% of its total annual revenue. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new record, and accounting for 16.7% of its total annual revenue. Lido was the only DeFi application that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total annual revenue. This indicates a significant increase in revenue for DeFi protocols in December 2024, with Ethena, Sky, and Aerodrome showing particularly strong growth, potentially driven by continued demand for the services and functionalities offered by these protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
all-time
highs
totaling
1.58
billion
dollars
Ethena
Sky
Aerodrome
and
Aave
four
protocols
monthly
revenue
all
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25
percent
its
annual
total
revenue
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
activity