#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 achieved record-high monthly revenue. Ethena led the pack with $56.9 million in revenue, accounting for nearly 25% of its total annual revenue. Sky also set a new monthly revenue record, reaching nearly $40 million, representing 13% of its total annual revenue. Aerodrome's monthly revenue was $38 million, exceeding its previous record by over $5 million and accounting for 15.6% of its total annual revenue. Aave's monthly revenue reached $13.6 million, a new all-time high, representing 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, accounting for 9.3% of its total annual revenue. These figures demonstrate the continued growth and strong momentum of DeFi protocol revenue.
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 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 achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total revenue for 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 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. These figures indicate that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
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
set
new
monthly
revenue
records
Ethena
December
revenue
accounted
for
nearly
25%
of
its
annual
revenue
DeFi
protocol
revenue
growth
may
be
related
to
market
recovery
and
increased
user
engagement