#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, another record high, accounting for 15.6% of its total revenue for 2024. Aave's December revenue reached $13.6 million, a record high, representing 16.7% of its total revenue for 2024. Lido was the only DeFi protocol that did not achieve a record-high monthly revenue, generating $9.6 million in December, accounting for 9.3% of its total revenue for 2024. This indicates that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
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 2024. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome's revenue on Base also reached a new high of approximately $38 million, representing 15.6% of its total revenue for 2024. Aave also set a new revenue record with $13.6 million, accounting for 16.7% of its total revenue for 2024. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total revenue for 2024. These figures indicate that DeFi protocol revenue is rapidly growing, likely driven by the overall recovery of the crypto market and the continuous innovation and development of DeFi protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
saw
record
monthly
revenue
Ethena's
December
revenue
accounted
for
nearly
25%
of
its
total
annual
revenue
DeFi
protocol
revenue
growth
reflects
the
market's
continued
interest
in
decentralized
finance