Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $338.4m | $290.6m | $98.2m | $192.4m |
Tron | $89.8m | $89.8m | $63.5m | $26.4m |
Uniswap | $58.6m | $0 | $0 | $0 |
Lido Finance | $54.9m | $5.5m | $539.4k | $4.9m |
Bitcoin | $39.6m | $0 | $777.6m | -$777.6m |
BNB Chain | $19.7m | $2.0m | $0 | $2.0m |
GMX | $15.8m | $4.7m | $893.9k | $3.8m |
Convex Finance | $15.3m | $3.0m | $1.2m | $1.8m |
Arbitrum | $10.5m | $2.0m | $0 | $2.0m |
Level Finance | $8.3m | $4.6m | $8.4m | -$3.9m |
Venus | $7.9m | $1.8m | $305.8k | $1.5m |
OpenSea | $7.6m | $3.0m | $0 | $3.0m |
Aave | $7.4m | $1.0m | $320.4k | $690.5k |
dYdX | $7.3m | $7.3m | $7.9m | -$537.3k |
PancakeSwap | $7.2m | $2.3m | $15.6m | -$13.3m |
Blur | $6.3m | $0 | $0 | $0 |
Flashbots | $5.9m | $0 | $0 | $0 |
SushiSwap | $5.7m | $944.0k | $291.8k | $652.1k |
Polygon | $5.5m | $4.1m | $17.3m | -$13.2m |
Optimism | $5.1m | $1.1m | $27.1m | -$26.0m |
Synthetix | $3.8m | $3.8m | $2.9m | $910.0k |
Filecoin | $3.6m | $3.4m | $33.9m | -$30.5m |
Manifold.xyz | $3.2m | $39.3k | $0 | $39.3k |
Trader Joe | $2.8m | $76.1k | $70.6k | $5.5k |
Radiant Capital | $2.4m | $1.2m | $188.8k | $1.0m |
Aura Finance | $2.3m | $605.9k | $2.8m | -$2.2m |
Avalanche | $2.2m | $2.2m | $66.6m | -$64.4m |
Lyra | $2.0m | $0 | $1.5k | -$1.5k |
Kwenta | $1.9m | $0 | $1.1m | -$1.1m |
MakerDAO | $1.8m | $1.8m | $220.6k | $1.6m |
Ethereum Name Service | $1.8m | $1.8m | $0 | $1.8m |
Gains Network | $1.7m | $1.4m | $0 | $1.4m |
Compound | $1.7m | $174.9k | $701.3k | -$526.3k |
Morpho | $1.6m | $0 | $0 | $0 |
MUX | $1.3m | $734.0k | $39.3k | $694.6k |
Stargate | $1.2m | $1.2m | $1.0m | $227.8k |
Solana | $1.2m | $608.2k | $49.9m | -$49.3m |
Perpetual Protocol | $1.0m | $201.4k | $261.5k | -$60.1k |
CoW Protocol | $996.5k | $996.5k | $0 | $996.5k |
LooksRare | $918.8k | $918.2k | $956.4k | -$38.1k |
Goldfinch | $915.9k | $93.9k | $510.3k | -$416.4k |
BendDAO | $857.1k | $257.1k | $770.5k | -$513.3k |
QuickSwap | $815.5k | $99.0k | $141.1k | -$42.2k |
Tokenlon | $811.8k | $811.8k | $202.3k | $609.6k |
StakeWise | $798.1k | $79.8k | $673.8k | -$593.9k |
Mummy Finance | $736.6k | $294.6k | $1.4m | -$1.1m |
Hegic | $712.8k | $712.8k | $0 | $712.8k |
Gamma Strategies | $670.9k | $96.0k | - | $96.0k |
Hop Protocol | $669.3k | $598.7k | $321.8k | $276.9k |
Zora | $540.1k | $259.8k | $0 | $259.8k |
X2Y2 | $519.4k | $462.2k | $512.8k | -$50.6k |
Synapse | $449.4k | $449.4k | $478.6k | -$29.2k |
Ribbon Finance | $448.1k | $79.7k | $75.5k | $4.1k |
Sonne Finance | $428.6k | $58.8k | $370.8k | -$312.0k |
Premia | $402.7k | $20.2k | $142.6k | -$122.5k |
Abracadabra.money | $375.3k | $375.3k | $166.0k | $209.4k |
Zyberswap | $315.1k | $37.8k | $415.6k | -$377.9k |
SuperRare | $306.0k | $188.8k | $0 | $188.8k |
SpookySwap | $302.1k | $45.3k | $342.8k | -$297.5k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
Across | $237.0k | $0 | $173.6k | -$173.6k |
DeFi Saver | $234.6k | $234.6k | $0 | $234.6k |
BENQI | $216.4k | $42.2k | $231.8k | -$189.6k |
Velodrome | $211.0k | $199.7k | $6.0m | -$5.8m |
1inch | $203.1k | $203.1k | $10.7k | $192.4k |
Liquity | $169.2k | $169.2k | $563.1k | -$393.9k |
Azuro | $167.0k | $8.4k | $0 | $8.4k |
Equalizer Exchange | $164.1k | $2.7k | $43.0k | -$40.3k |
Bancor | $142.0k | $120.8k | $19.2k | $101.6k |
Sound.xyz | $141.1k | $7.4k | $0 | $7.4k |
Dogecoin | $135.4k | $0 | $33.8m | -$33.8m |
SX | $107.6k | $107.6k | $69.5k | $38.1k |
IPOR Protocol | $107.3k | $766.0 | $362.4k | -$361.7k |
AirSwap | $101.4k | $101.4k | $0 | $101.4k |
Decentral Games | $100.6k | $100.6k | $103.2k | -$2.6k |
Thena | $97.5k | $43.4k | $1.4m | -$1.3m |
Mycelium | $94.6k | $28.4k | $4.6k | $23.7k |
Unipilot | $94.5k | $9.4k | $0 | $9.4k |
Metavault.Trade | $90.8k | $27.2k | $193.9k | -$166.7k |
Sudoswap | $87.0k | $8.9k | $0 | $8.9k |
Origin Protocol | $87.0k | $8.7k | $74.3k | -$65.6k |
Foundation | $86.1k | $69.1k | $0 | $69.1k |
BetSwirl | $81.3k | $81.3k | $0 | $81.3k |
NFTX | $77.0k | $32.0 | $0 | $32.0 |
ApeSwap | $76.8k | $26.2k | $254.7k | -$228.5k |
Index Cooperative | $66.3k | $66.3k | $0.9 | $66.3k |
Rarible | $56.8k | $56.8k | $484.1 | $56.3k |
Voltz | $45.6k | $0 | $0 | $0 |
UniDex | $37.8k | $15.2k | $0 | $15.2k |
The Graph | $37.8k | $7.7k | $3.2m | -$3.2m |
MultiversX | $35.0k | $3.3k | $5.7m | -$5.7m |
Litecoin | $34.5k | $0 | $19.7m | -$19.7m |
Clipper | $33.3k | $13.3k | $0 | $13.3k |
Wombat Exchange | $31.6k | $15.8k | $783.0k | -$767.2k |
Instadapp | $30.4k | $30.4k | $0 | $30.4k |
Idle Finance | $27.7k | $2.8k | $4.9k | -$2.1k |
Zerion | $26.7k | $26.7k | $0 | $26.7k |
PoolTogether | $25.1k | $0 | $55.3k | -$55.3k |
Livepeer | $24.9k | $0 | $1.3m | -$1.3m |
Lens Protocol | $24.8k | $0 | $0 | $0 |
DODO | $22.2k | $4.4k | $79.1k | -$74.7k |
Verse | $20.9k | $3.5k | $357.3k | -$353.8k |
SolidLizard | $19.8k | $18.6k | $508.2k | -$489.6k |
Internet Computer | $16.8k | $16.8k | $16.9m | -$16.9m |
Tokemak | $16.0k | $16.0k | $109.9k | -$93.9k |
Vesta Finance | $15.3k | $15.3k | $10.3k | $5.0k |
Stellar | $12.8k | $12.8k | $0 | $12.8k |
Integral | $10.3k | $10.3k | $0 | $10.3k |
Deri Protocol | $10.1k | $8.1k | $8.3k | -$224.7 |
Tezos | $8.9k | $0 | $4.0m | -$4.0m |
Connext | $8.1k | $0 | $0 | $0 |
Thales | $7.8k | $7.8k | $186.9k | -$179.1k |
Notional Finance | $5.8k | $5.4k | $125.3k | -$119.9k |
Reflexer | $5.4k | $5.4k | $11.3k | -$6.0k |
Toucan Protocol | $4.7k | $4.7k | $0 | $4.7k |
DFX Finance | $3.8k | $1.9k | $56.6k | -$54.7k |
Mean Finance | $3.4k | $850.6 | $0 | $850.6 |
Solv Protocol | $2.3k | $2.3k | $0 | $2.3k |
Alongside | $2.0k | $2.0k | $0 | $2.0k |
Kleros | $1.8k | $0 | $17.9k | -$17.9k |
Quix | $1.7k | $830.5 | $0 | $830.5 |
Mina Protocol | $1.2k | $0 | $7.1m | -$7.1m |
Zcash | $465.5 | $0 | $3.3m | -$3.3m |
Saddle Finance | $454.5 | $0 | $1.0m | -$1.0m |
Cryptex | $212.6 | $212.6 | $12.0k | -$11.8k |
Swarm | $50.2 | $0 | $1.6k | -$1.6k |
Volmex | $44.4 | $44.4 | $0 | $44.4 |
Ren | $32.1 | $0 | $0 | $0 |
0x | $0 | $0 | $0 | $0 |
Allbridge Core | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $9.5k | -$9.5k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $246.7k | -$246.7k |