#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 achieving record-breaking monthly revenue. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total annual revenue. Sky also achieved a record-high 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 December revenue of $13.6 million was a record high, accounting for 16.7% of its total annual revenue. Lido was the only DeFi application that did not achieve a record-high monthly revenue in December, generating $9.6 million in revenue, representing 9.3% of its total annual revenue. This indicates a significant growth in revenue for DeFi protocols in December 2024, with some protocols even achieving record highs.
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 also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome generated approximately $38 million in revenue in December, another record high, representing 15.6% of its total 2024 revenue. Aave also set a new monthly revenue record with $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. The growth in revenue for these protocols indicates a thriving DeFi market with increasing user demand for these services.
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Public Sentiment
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Classic Views
Top 5 DeFi protocols hit record revenue in December, totaling $158 million.
Among them, four protocols, Ethena, Sky, Aerodrome, and Aave, all saw record monthly revenue.
Ethena's December revenue was $56.9 million, representing nearly 25% of its total revenue last year.
Sky's December revenue was nearly $40 million, representing 13% of its total revenue in 2024.