#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 revenue for the year. Sky also saw its highest monthly revenue ever, reaching nearly $40 million, accounting for 13% of its total revenue in 2024. Aerodrome's December revenue of approximately $38 million was also a record high, representing 15.6% of its total revenue for 2024. Aave's December revenue of $13.6 million was a record high, accounting for 16.7% of its total revenue for the year. Lido was the only DeFi application that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total revenue in 2024. This indicates that DeFi protocol revenue is continuing to grow and showing 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 annual revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome's revenue on Base also reached a new high of approximately $38 million, representing 15.6% of its total annual revenue. Aave's monthly revenue also set a new record at $13.6 million, accounting for 16.7% of its total annual revenue. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total annual revenue. This indicates that DeFi protocol revenue is steadily increasing, and some protocols, such as Ethena and Aerodrome, are experiencing rapid growth. This could be attributed to the expanding application scenarios of DeFi protocols and the growing interest of users in DeFi services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
December
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
set
new
monthly
revenue
records
Ethena
December
revenue
accounted
for
nearly
25%
of
its
annual
revenue
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
activity