#Five DeFi protocols see record-high revenue#
Hot Topic Overview
Overview
In December 2024, the top five DeFi protocols generated a combined revenue of $158 million, 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 annual revenue. Sky (formerly Maker) also saw its monthly revenue hit a record high, reaching nearly $40 million, accounting for 13% of its total annual revenue. Aerodrome, a DEX on Base, generated approximately $38 million in December, also a record high, representing 15.6% of its total annual revenue. Aave also set a new monthly revenue record, reaching $13.6 million, accounting for 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, representing 9.3% of its total annual revenue. These figures indicate that DeFi protocol revenue is continuing to grow and showing strong momentum.
Ace Hot Topic Analysis
Analysis
In December 2024, five major DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) collectively 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 also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total revenue in 2024. Aerodrome generated approximately $38 million in revenue in December, another record high, 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 the year. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total revenue in 2024. The growth in revenue for these protocols indicates a thriving DeFi landscape, with increasing user interest and engagement in DeFi applications.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five DeFi protocols recorded record-high revenue in December, totaling $158 million.
Four of the protocols saw record-high monthly revenue, including Ethena, Sky, Aerodrome, and Aave.
Ethena's December revenue accounted for nearly 25% of its total revenue last year, while Sky's December revenue accounted for 13% of its total revenue last year.
The growth in DeFi protocol revenue indicates that the DeFi market is continuing to grow, and user interest in DeFi applications is increasing.