#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, Aerodrome, and Aave also achieved record monthly revenues, reaching nearly $40 million, $38 million, and $13.6 million, respectively. Lido was the only protocol that did not set a new monthly revenue record, generating $9.6 million in December. This indicates that DeFi protocol revenue is continuing to grow and exhibiting strong 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 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. This indicates a significant increase in DeFi protocol revenue in December 2024, potentially driven by improved market sentiment, increased user engagement, and the launch of new protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols generated a combined $158 million in revenue in December, a record high.
Four of these protocols (Ethena, Sky, Aerodrome, and Aave) saw their monthly revenue hit all-time highs.
Ethena's December revenue accounted for nearly 25% of its total revenue for the year, while Sky's December revenue accounted for 13% of its total revenue for the year.
The growth in DeFi protocol revenue indicates that the DeFi market is continuing to grow, and users are increasingly interested in DeFi services.