#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 revenue for 2024. Sky also saw its highest monthly revenue, reaching nearly $40 million, representing 13% of its total revenue for 2024. Aerodrome's December revenue was approximately $38 million, also a record high, accounting for 15.6% of its total revenue for 2024. Aave's monthly revenue also hit a record high, reaching $13.6 million, representing 16.7% of its total revenue for 2024. Lido was the only DeFi protocol that did not achieve a record-high monthly revenue in December, generating $9.6 million, accounting for 9.3% of its total revenue for 2024.
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 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. The growth in revenue for these protocols indicates the thriving DeFi space, the increasing interest of users in DeFi services, and the continuous innovation and optimization of DeFi protocols to provide more diverse and efficient services to users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols hit a new revenue high of $158 million in December 2024, with four protocols setting new monthly revenue records.
Ethena generated $56.9 million in revenue in December, a record high and representing nearly 25% of its total revenue for the year.
Sky also set a new monthly revenue record, generating nearly $40 million last month, representing 13% of its total revenue for 2024.
Base-based DEX Aerodrome generated approximately $38 million in revenue in December, also a record high, representing 15.6% of its total revenue for 2024.