Top five DeFi protocols record $158 million in revenue in December
Arkham Intelligence 
Top 5 DeFi protocols document $158 million in revenue in December Top 5 DeFi protocols document $158 million in revenue in December
Besides for Lido, different four protocols registered all-time highs in month-to-month prices.
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The 5 perfect DeFi protocols generated $158 million in revenue in December 2024, with four of them registering all-time highs for month-to-month revenue circulation, in accordance to Token Terminal.
Synthetic buck issuer Ethena led in revenue in December, registering $56.9 million in month-to-month revenue, a brand new all-time high. Moreover, the quantity represented nearly 25% of its total $230.8 million in revenue generated last year.
Sky (feeble Maker) also registered a brand new all-time high in month-to-month revenue, generating nearly $40 million last month and representing 13% of the $304 million it captured in 2024. The new revenue document is decrease than $1 million away from the earlier one, registered in January 2022.
Aerodrome, the perfect DEX on Nasty, secured roughly $38 million in revenue in December. This became a brand new all-time high of over $5 million greater than the earlier one and identical to fifteen.6% of the protocol’s $243.6 million in revenue in 2024.
Leading money market Aave revenue jumped over $3 million between November and December last year, reaching $13.6 million. This new all-time high in month-to-month revenue became identical to 16.7% of the earlier yearâs total revenue of $81.4 million.
Lido, the precise DeFi application of the bunch with no brand new all-time high in month-to-month revenue, got $9.6 million in revenue thru usersâ interactions. The amount became identical to 9.3% of the $103.6 million in revenue the liquid staking protocol got in 2024.
Capturing precise cost
An on-chain metric continuously applied to measure precise DeFi protocol utilization is the costs spent in interactions. Besides to to the revenue soar, all 5 aforementioned DeFi purposes registered development in prices, which signifies precise utilization.
In accordance with its model, Ethena’s revenue equals its prices, which had been $56.9 million last month. The identical good judgment applies to Sky, which has nearly $40 million in prices.
Aerodromeâs prices surpassed its revenue by a little margin, totaling $38.3 million. Meanwhile, Aave reached a brand new all-time high of $89.8 million.Â
Though it registered the smallest revenue amount of the neighborhood, Lido ended 2024 with $96.7 million in prices spent, its third-perfect month-to-month rate amount.
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Gino Matos
Gino Matos is a law college graduate and a seasoned journalist with six years of skills in the crypto enterprise. His skills essentially specializes in the Brazilian blockchain ecosystem and inclinations in decentralized finance (DeFi).
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Ethena is a monetary platform centered on offering a artificial buck and facilitating web-native yield skills.
Aave is an originate offer and non-custodial protocol enabling the creation of money markets.
Aerodrome Finance is a reducing-edge Automatic Market Maker (AMM) that serves because the most crucial liquidity hub for the Nasty ecosystem.
Maker is a decentralized self reliant group on the Ethereum blockchain seeking to diminish the associated rate volatility of its possess obtain token â the Dai â against the IMFâs global foreign money basket SDR.
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