#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 generated approximately $38 million in revenue in December, another record high, representing 15.6% of its total annual revenue. Aave also set a new monthly revenue record with $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. This indicates that DeFi protocol revenue is steadily increasing, attracting a growing number of users.
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 the year. Sky (formerly Maker) also saw its monthly revenue hit a record high, reaching nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome, a DEX on Base, generated approximately $38 million in revenue in December, also a record high, exceeding its previous high by over $5 million and representing 15.6% of its total revenue for 2024. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, setting a new monthly revenue record and accounting for 16.7% of its total revenue for the year. Lido was the only one of the five DeFi applications whose monthly revenue did not set a new record, generating $9.6 million in December, representing 9.3% of its total revenue for 2024. These figures indicate that DeFi protocol revenue is continuing to grow and reached new heights in December 2024.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
revenue
hit
new
highs
totaling
1.58
billion
dollars
,
with
four
protocols
setting
monthly
revenue
records
,
Ethena
Sky
Aerodrome
and
Aave
all
saw
record
monthly
revenue
,
Lido's
monthly
revenue
did
not
set
a
record
but
still
accounted
for
9.3%
of
its
annual
revenue