#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 December revenue of $13.6 million was also a record high, accounting for 16.7% of its total annual revenue. Only Lido's December revenue of $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, showcasing a strong growth trajectory.
Ace Hot Topic Analysis
Analysis
In December 2024, the top five DeFi protocols generated $158 million in revenue, with four of them setting new monthly revenue records. Ethena led the pack with $56.9 million in revenue, a new all-time high, representing nearly 25% of its total 2024 revenue. Sky (formerly Maker) also saw its monthly revenue hit a record high, reaching nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome, a DEX on Base, generated approximately $38 million in revenue in December, another record high, exceeding its previous peak by over $5 million and representing 15.6% of the protocol's total 2024 revenue. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new all-time high, representing 16.7% of its total 2024 revenue. 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 2024 revenue. These figures indicate that DeFi protocol revenue is continuing to grow and is poised to maintain strong momentum in the future.
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
monthly
revenue
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
total
revenue
last
year
DeFi
protocol
revenue
growth
indicates
that
the
market
demand
for
DeFi
applications
is
increasing