#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. Among them, Ethena, Sky, Aerodrome, and Aave all achieved record-high monthly revenue. Ethena led the pack with $56.9 million in revenue, accounting for nearly 25% of its total revenue for 2024. Sky also recorded its highest monthly revenue, reaching nearly $40 million, representing 13% of its total revenue for 2024. Aerodrome's December revenue was approximately $38 million, also a record high, accounting for 15.6% of its total revenue for 2024. Aave's monthly revenue also hit a record high at $13.6 million, representing 16.7% of its total revenue for 2024. Lido was the only DeFi protocol that did not achieve a record-high monthly revenue, generating $9.6 million in December, accounting for 9.3% of its total revenue for 2024. This indicates that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
Ace Hot Topic Analysis
Analysis
In December 2024, the top five DeFi protocols generated a record-breaking $158 million in revenue, with four of the protocols achieving their highest monthly revenue ever. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total 2024 revenue. Sky (formerly Maker) also saw its highest monthly revenue ever, 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, also a record high, exceeding its previous high 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 monthly revenue record, representing 16.7% of its total 2024 revenue. Lido was the only one of the five DeFi applications that did not achieve 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 likely to maintain a strong growth trajectory in the future.
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
engagement