#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 also set a new monthly revenue record, generating approximately $38 million, representing 15.6% of its total annual revenue. Aave also achieved a record-breaking monthly revenue of $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.
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, a new all-time high, 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 for 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 the protocol's total revenue for 2024. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new all-time high, representing 16.7% of its total revenue for the year. Lido was the only one of these DeFi applications that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total revenue for 2024. These figures indicate that DeFi protocol revenue is continuing to grow and is poised to continue its 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
monthly
revenue
hit
all-time
highs
Ethena
December
revenue
accounted
for
nearly
25%
of
its
annual
revenue
DeFi
protocol
revenue
growth
reflects
the
increased
market
activity
and
user
engagement