#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 another record high, representing 15.6% of its total annual revenue. Aave's December revenue of $13.6 million was 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 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 $158 million in revenue, with four of them 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 (formerly Maker) also saw its monthly revenue hit a record high, reaching nearly $40 million, accounting for 13% of its total revenue in 2024. 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 its total revenue for 2024. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, setting a new monthly revenue record and accounting for 16.7% of its total revenue for the year. Lido was the only one of the top five DeFi applications that did not set a new monthly revenue record in December, generating $9.6 million, representing 9.3% of its total revenue for 2024. The growth in revenue for these protocols indicates that the DeFi industry is thriving, with users showing increasing interest and engagement in DeFi applications.
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
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
reflects
the
market
's
continued
interest
in
decentralized
finance