#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. Among them, Ethena, Sky, Aerodrome, and Aave all achieved record-high monthly revenue. Ethena led the pack with $56.9 million in revenue, accounting for nearly 25% of its total annual revenue. Sky also recorded its highest monthly revenue, reaching nearly $40 million, representing 13% of its total annual revenue. Aerodrome's monthly revenue was approximately $38 million, also a record high, accounting for 15.6% of its total annual revenue. Aave's monthly revenue reached $13.6 million, a new record, representing 16.7% of its total annual revenue. Lido was the only protocol that did not achieve a record-high monthly revenue, generating $9.6 million in December, accounting for 9.3% of its total annual revenue. These figures indicate that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
Ace Hot Topic Analysis
Analysis
In December 2024, five major DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) collectively generated $158 million in revenue, 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 generated approximately $38 million in revenue in December, another record high, representing 15.6% of its total revenue for 2024. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new record, and 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. These figures indicate a significant increase in revenue for DeFi protocols in December 2024, which may be attributed to improved market sentiment and increased user interest in DeFi applications.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
monthly
revenue
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
total
annual
revenue
DeFi
protocol
revenue
growth
indicates
that
market
interest
in
decentralized
finance
continues
to
grow