#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 followed closely behind, setting a new monthly revenue record of nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome also set a new monthly revenue record, reaching approximately $38 million, representing 15.6% of its total annual revenue. Aave also set a new monthly revenue record, reaching $13.6 million, representing 16.7% of its total annual revenue. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total annual revenue. This indicates that DeFi protocol revenue is continuing to grow, demonstrating strong market vitality.
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 the year. Sky also achieved a record-breaking month, generating close to $40 million, accounting for 13% of its total 2024 revenue. Aerodrome, a DEX on Base, earned approximately $38 million in December, also a record high, representing 15.6% of its 2024 total revenue. Aave also set a new monthly revenue record, reaching $13.6 million, representing 16.7% of its total revenue for the year. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its 2024 total revenue. These figures indicate a significant increase in DeFi protocol revenue in December 2024, likely driven by a combination of factors such as improved market sentiment, increased user engagement, and the launch of new protocols.
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
saw
record
monthly
revenue
,
Ethena's
December
revenue
accounted
for
nearly
25%
of
its
total
revenue
last
year
,
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
engagement