#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 a significant surge in DeFi protocol revenue in December 2024, with some protocols even exceeding 15% of their total annual revenue.
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 them setting new monthly revenue records. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for the year. Sky also achieved a record-breaking month, generating close to $40 million, accounting for 13% of its total revenue in 2024. Aerodrome, a DEX on Base, earned approximately $38 million in December, another all-time high, exceeding its previous record by over $5 million and representing 15.6% of its 2024 total revenue. 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 the year. Lido was the only one of the five DeFi applications that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total revenue in 2024. These figures indicate a significant surge in revenue for DeFi protocols in December 2024, potentially linked to improved market sentiment and increased user engagement.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
all-time
highs
totaling
1.58
billion
USD
Among
them
Ethena
Sky
Aerodrome
and
Aave
four
protocols
monthly
revenue
all
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25
of
its
total
revenue
last
year
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
engagement