#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 December revenue of approximately $38 million was also a record high, representing 15.6% of its total annual revenue. Aave's monthly revenue also reached a record high of $13.6 million, accounting for 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. These figures indicate a significant increase in DeFi protocol revenue in December 2024, with Ethena, Sky, and Aerodrome particularly standing out.
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 achieved a record-breaking monthly revenue of 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's monthly revenue also reached a record high of $13.6 million, accounting for 16.7% of its total 2024 revenue. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total 2024 revenue. This indicates a significant increase in DeFi protocol revenue in December 2024, with Ethena, Sky, and Aerodrome showing particularly strong growth, potentially driven by improving market sentiment, increased user engagement, and the launch of new products and services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
revenue
hit
new
highs
totaling
1.58
billion
dollars
Ethena
Sky
Aerodrome
and
Aave
four
protocols
set
monthly
revenue
records
Ethena's
December
revenue
accounted
for
nearly
25
percent
of
its
total
revenue
last
year
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
engagement