#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 total revenue for 2024. Sky, Aerodrome, and Aave also achieved record-breaking monthly revenue figures, reaching approximately $40 million, $38 million, and $13.6 million, respectively. Lido was the only protocol that did not set a new monthly revenue record, generating $9.6 million in December. These figures indicate that DeFi protocol revenue is continuing to grow, demonstrating strong potential for future development.
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 annual revenue. Sky (formerly Maker) also achieved a record-breaking monthly revenue of 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. Only Lido's monthly revenue did not set a new record, reaching $9.6 million, representing 9.3% of its total annual revenue. 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 generated $158 million in revenue in December 2024, with four setting new monthly revenue records.
Ethena, Sky, Aerodrome, and Aave all saw record monthly revenue, representing 25%, 13%, 15.6%, and 16.7% of their respective total revenue for the year.
Sky's monthly revenue was close to $40 million, just under $1 million less than its all-time high set in January 2022.
Aerodrome's monthly revenue exceeded $38 million, more than $5 million higher than its previous high and representing 15.6% of the protocol's total revenue for 2024.