#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 annual revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its annual revenue. Aerodrome's December revenue of approximately $38 million was another record high, representing 15.6% of its annual revenue. Aave's December revenue of $13.6 million also set a new record, accounting for 16.7% of its annual revenue. Only Lido's December revenue of $9.6 million did not set a new record, representing 9.3% of its 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 total revenue of five major DeFi protocols (Ethena, Sky, Aerodrome, Aave, and Lido) reached $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 revenue for 2024. Sky also saw its monthly revenue hit a record high, reaching nearly $40 million, accounting for 13% of its total revenue for 2024. Aerodrome generated approximately $38 million in revenue in December, also a record high, representing 15.6% of its total revenue for 2024. Aave's monthly revenue also reached a record high of $13.6 million, accounting for 16.7% of its total revenue for 2024. 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 revenue for 2024. The growth in revenue for these protocols indicates that the DeFi space is thriving, with increasing user interest in DeFi services driving the revenue growth of these protocols.
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
saw
record
monthly
revenue
Ethena's
December
revenue
accounted
for
nearly
25%
of
its
total
revenue
last
year
Sky's
December
revenue
hit
an
all-time
high
falling
short
of
its
January
2022
record
by
less
than
$1
million