#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 their highest monthly revenue ever. Ethena led the pack with $56.9 million in revenue, representing nearly 25% of its total revenue for 2024. Sky followed closely behind, generating nearly $40 million in monthly revenue, accounting for 13% of its total revenue for 2024. Aerodrome also achieved its highest monthly revenue ever, reaching approximately $38 million, representing 15.6% of its total revenue for 2024. Aave's monthly revenue reached $13.6 million, a new record, accounting for 16.7% of its total revenue for 2024. Lido was the only DeFi protocol that did not achieve its highest monthly revenue, generating $9.6 million in December, representing 9.3% of its total revenue for 2024.
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 2024 revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome's revenue on Base also reached a new high of approximately $38 million, representing 15.6% of its total 2024 revenue. Aave's monthly revenue also set a new record at $13.6 million, accounting for 16.7% of its total 2024 revenue. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total 2024 revenue. The growth in revenue for these protocols indicates a thriving DeFi landscape, with increasing user interest and demand for DeFi services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols generated a combined $158 million in revenue in December, a record high.
Four of these protocols (Ethena, Sky, Aerodrome, and Aave) saw their highest monthly revenue ever.
Ethena's December revenue accounted for nearly 25% of its total revenue for the year, while Sky's December revenue accounted for 13% of its total revenue for the year.
The growth in DeFi protocol revenue may be related to the market recovery, increased user engagement, and the launch of new protocols.