#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 2024 revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome's monthly revenue 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. Lido was the only DeFi protocol that did not set a new monthly revenue record, generating $9.6 million in December, representing 9.3% of its total 2024 revenue. This indicates that DeFi protocol revenue is steadily increasing, attracting a growing number of users.
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 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 revenue in December, also a record high, representing 15.6% of its total annual revenue. Aave's monthly revenue also reached a record high of $13.6 million, accounting for 16.7% of its total annual revenue. Lido was the only DeFi application 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 steadily increasing and is expected to continue its strong growth trajectory in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Five
DeFi
protocols
revenue
hit
all-time
highs
totaling
$158
million
Ethena
Sky
Aerodrome
and
Aave
four
protocols
set
new
monthly
revenue
records
Ethena's
December
revenue
accounted
for
nearly
25%
of
its
total
revenue
last
year
Sky's
December
revenue
hit
an
all-time
high
approaching
13%
of
its
total
revenue
for
2024