#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 saw 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 December revenue reached $13.6 million, a record high, representing 16.7% of its total revenue for 2024. Lido was the only protocol that did not achieve a record-high monthly revenue, generating $9.6 million in December, accounting for 9.3% of its total revenue for 2024. This indicates that DeFi protocol revenue is steadily increasing, attracting more users and capital.
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 2024 revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome generated approximately $38 million in revenue in December, another record high, representing 15.6% of its total 2024 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 2024 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 2024 revenue. The growth in revenue for these protocols indicates a thriving DeFi landscape, with increasing user interest in DeFi services. It also reflects the ongoing innovation and optimization of DeFi protocols, providing users with more diverse services and higher returns.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
set
new
monthly
revenue
records
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
engagement