#Five DeFi protocols see record-high revenue#
Hot Topic Overview
Overview
In December 2024, five major DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) collectively generated $158 million in revenue, with Ethena, Sky, Aerodrome, and Aave all achieving record-high monthly earnings. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total annual income. Sky also recorded its highest monthly revenue, reaching close to $40 million, accounting for 13% of its annual total. Aerodrome's monthly revenue hit approximately $38 million, exceeding its previous high by over $5 million and representing 15.6% of its annual income. Aave also achieved a record-high monthly revenue of $13.6 million, contributing 16.7% to its annual total. Lido was the only protocol that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its annual income. These figures indicate a consistent growth in DeFi protocol revenue, showcasing the robust 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 saw its highest monthly revenue ever, reaching nearly $40 million, accounting for 13% of its total revenue in 2024. Aerodrome generated approximately $38 million in revenue in December, also a record high, representing 15.6% of its total revenue for 2024. Aave's revenue also reached a record high of $13.6 million, accounting for 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 total revenue in 2024. These figures indicate that DeFi protocol revenue is continuing to grow and is likely to maintain strong momentum in the future.
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Public Sentiment
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Classic Views
Five DeFi protocols recorded record-high revenue in December, totaling $158 million.
Four of the protocols saw their highest monthly revenue ever, including Ethena, Sky, Aerodrome, and Aave.
Ethena's December revenue accounted for nearly 25% of its total annual revenue, while Sky's December revenue accounted for 13% of its total annual revenue.
The growth in DeFi protocol revenue indicates that the DeFi market is booming, with users increasingly demanding DeFi applications.