#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's monthly revenue was close to $40 million, representing 13% of its total revenue for 2024. Aerodrome's monthly revenue was approximately $38 million, accounting for 15.6% of its total revenue for 2024. Aave's monthly revenue was $13.6 million, representing 16.7% of its total revenue for 2024. Lido's monthly revenue was $9.6 million, accounting for 9.3% of its total revenue for 2024. These figures indicate that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
Ace Hot Topic Analysis
Analysis
In December 2024, the top five DeFi protocols generated $158 million in revenue, with four of them setting new monthly revenue records. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total annual revenue. Sky (formerly Maker) also set a new monthly revenue record, generating nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome, a DEX on Base, earned approximately $38 million in December, also a record high, representing 15.6% of its total annual revenue. Aave's monthly revenue also reached a record high of $13.6 million, 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 that DeFi protocol revenue is steadily increasing, and more users are utilizing these protocols. This could be attributed to the overall recovery of the cryptocurrency market and the continuous innovation and development of DeFi protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
monthly
revenue
all
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
total
annual
revenue
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
activity