#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 setting new monthly revenue records. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for 2024. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome's December revenue of approximately $38 million was another record high, representing 15.6% of its total revenue for 2024. Aave's December revenue of $13.6 million was a record high, accounting for 16.7% of its total revenue for 2024. 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 revenue for 2024. This indicates that DeFi protocol revenue is steadily increasing, and more and more users are utilizing these protocols.
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 (formerly Maker) also saw its monthly revenue hit a record high, 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, also a record high, representing 15.6% of its total 2024 revenue. Aave also set a new monthly revenue record, reaching $13.6 million, representing 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 that the DeFi space is thriving, with users showing increasing interest and demand for DeFi services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
record
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
monthly
revenue
hit
record
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
annual
revenue
DeFi
protocol
revenue
growth
indicates
that
market
interest
in
decentralized
finance
continues
to
rise