#Five DeFi protocols see record-high revenue#
Hot Topic Overview
Overview
In December 2024, the top five DeFi protocols generated a combined revenue of $158 million, with four of them 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 month, generating close to $40 million, accounting for 13% of its total annual revenue. Aerodrome, a DEX on Base, recorded approximately $38 million in December revenue, also a new high, representing 15.6% of its total annual revenue. Aave also set a new monthly revenue record, reaching $13.6 million, representing 16.7% of its total annual revenue. Lido was the only DeFi protocol that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total annual revenue. 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 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. 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 steadily increasing and reached a new peak in December 2024. This could be attributed to the growing market interest in DeFi 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
annual
revenue
DeFi
protocol
revenue
growth
reflects
the
market's
continued
interest
in
decentralized
finance