#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 also achieved a record-breaking 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 monthly revenue reached a record $13.6 million, accounting for 16.7% of its total annual revenue. Only Lido's monthly revenue, at $9.6 million, did not set a new record, 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, five major DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) collectively generated $158 million in revenue, 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 also set a new monthly 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. The growth in revenue for these protocols indicates a thriving DeFi market with increasing user interest in DeFi services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols hit record revenue, totaling $158 million
Ethena, Sky, Aerodrome and Aave all saw record monthly revenue
Ethena's December revenue accounted for nearly 25% of its total revenue last year
Sky's December revenue hit a record high, just under $1 million less than its January 2022 record