#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 annual revenue. Sky also set a new monthly revenue record, reaching nearly $40 million, representing 13% of its total annual revenue. Aerodrome's monthly revenue was approximately $38 million, a new all-time high, accounting for 15.6% of its total annual revenue. Aave's monthly revenue reached $13.6 million, a record high, representing 16.7% of its total annual revenue. Lido was the only protocol that did not set a new monthly revenue record, generating $9.6 million in December, accounting for 9.3% of its total annual revenue. This indicates that DeFi protocol revenue is steadily increasing, demonstrating strong market vitality.
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 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, exceeding its previous high by over $5 million and 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 the thriving DeFi space, the increasing interest of users in DeFi services, and the continuous innovation and improvement of DeFi protocols to provide more diverse and efficient services to users.
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
monthly
revenue
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
total
annual
revenue
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
engagement