#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 recorded its highest monthly revenue, reaching nearly $40 million, representing 13% of its total annual revenue. Aerodrome's monthly revenue hit $38 million, another record high, contributing 15.6% to its total annual revenue. Aave's monthly revenue reached $13.6 million, a new record, accounting for 16.7% of its total annual revenue. Lido was the only protocol that did not achieve a record-high monthly revenue, generating $9.6 million in December, representing 9.3% of its total annual revenue. This data indicates that DeFi protocol revenue is steadily increasing and exhibiting strong growth momentum.
Ace Hot Topic Analysis
Analysis
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 2024 revenue. Sky also achieved a record-breaking monthly revenue of nearly $40 million, accounting for 13% of its total 2024 revenue. Aerodrome, a DEX on Base, generated approximately $38 million in revenue in December, another all-time high, exceeding its previous record by over $5 million and representing 15.6% of its total 2024 revenue. Aave's revenue jumped over $3 million from November to December, reaching $13.6 million, a new record, and accounting for 16.7% of its total 2024 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 2024 revenue. The significant 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
revenue
hit
new
highs
totaling
1.58
billion
dollars
Ethena
Sky
Aerodrome
Aave
four
protocols
set
new
monthly
revenue
records
Ethena
December
revenue
accounted
for
nearly
25
of
its
total
revenue
last
year
DeFi
protocol
revenue
growth
reflects
the
market
s
continued
interest
in
decentralized
finance