#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, with four of the protocols achieving record-breaking monthly revenue. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total annual revenue. Sky also achieved a record-high monthly revenue of nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome's December revenue of approximately $38 million was also a record high, representing 15.6% of its total annual revenue. Aave's December revenue of $13.6 million was a record high, accounting for 16.7% of its total annual revenue. Lido was the only DeFi protocol that did not achieve a record-high monthly revenue in December, with $9.6 million in revenue, representing 9.3% of its total annual revenue. This indicates a significant growth in revenue for DeFi protocols in December 2024, with some protocols even achieving record highs.
Ace Hot Topic Analysis
Analysis
In December 2024, the top five DeFi protocols saw record-high revenue, reaching a combined $158 million. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for the year and setting a new all-time high. Sky (formerly Maker) also saw its highest monthly revenue ever, reaching nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome, a DEX on Base, generated approximately $38 million in revenue in December, another record high, exceeding its previous peak by over $5 million and representing 15.6% of the protocol's total 2024 revenue. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new record high and representing 16.7% of its total revenue for the year. Lido was the only one of the five DeFi applications that did not set a new monthly revenue record, generating $9.6 million in December, accounting for 9.3% of its 2024 total revenue. These figures indicate that DeFi protocol revenue is continuing to grow and is poised to maintain a strong growth trajectory in the future.
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
saw
record
monthly
revenue
Ethena's
December
revenue
accounted
for
nearly
25%
of
its
total
annual
revenue
DeFi
protocol
revenue
growth
reflects
the
market's
continued
interest
in
decentralized
finance