#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 annual revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome's monthly revenue also reached a new high of approximately $38 million, representing 15.6% of its total annual revenue. Aave's monthly revenue also set a new record at $13.6 million, accounting for 16.7% of its total annual revenue. Only Lido's monthly revenue did not reach a new high, at $9.6 million, representing 9.3% of its total annual revenue. This indicates 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 (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 followed closely behind, setting a new monthly revenue record of nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome also set a new monthly revenue record on Base, generating $38 million, representing 15.6% of its total revenue for 2024. Aave also set a new monthly revenue record, generating $13.6 million, representing 16.7% of its total revenue for 2024. Only Lido did not set a new monthly revenue record, generating $9.6 million, representing 9.3% of its total revenue for 2024. This indicates a significant increase in DeFi protocol revenue in December 2024, with Ethena, Sky, and Aerodrome showing particularly strong growth, potentially driven by increased market interest in DeFi protocols and innovation and development within the protocols themselves.
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%
of
its
total
annual
revenue
,
DeFi
protocol
revenue
growth
reflects
the
market's
continued
interest
and
use
of
DeFi
applications