#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 set 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 another record high, accounting for 16.7% of its total annual revenue. Lido was the only protocol that did not set a new monthly revenue record, with December revenue of $9.6 million, representing 9.3% of its total annual revenue. These figures indicate 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 (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 revenue on Base also reached a new high of approximately $38 million, representing 15.6% of its total annual revenue. Aave's monthly revenue also set a new record at $13.6 million, accounting for 16.7% of its total annual revenue. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total annual revenue. This indicates that DeFi protocol revenue is steadily increasing, and more and more users are utilizing these protocols.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols hit record-high December revenue, totaling $158 million.
Among them, four protocols, Ethena, Sky, Aerodrome, and Aave, all saw their monthly revenue hit record highs.
Ethena's December revenue accounted for nearly 25% of its total revenue last year, while Sky's monthly revenue accounted for 13% of its total revenue in 2024.
Aerodrome's December revenue accounted for 15.6% of its total revenue in 2024, and Aave's December revenue accounted for 16.7% of its total revenue last year.