Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $230.2m | $198.1m | $97.0m | -$97.0m |
Tron | $85.2m | $85.2m | $58.0m | $27.2m |
Lido Finance | $48.8m | $4.9m | $1.6m | $3.3m |
Uniswap | $47.0m | $0 | $14.8 | -$14.8 |
Bitcoin | $24.3m | $0 | $828.2m | -$828.2m |
BNB Chain | $20.1m | $2.0m | $0 | $2.0m |
GMX | $17.5m | $5.3m | $1.2m | $4.1m |
Convex Finance | $15.7m | $3.0m | $1.3m | $1.7m |
OpenSea | $9.4m | $2.7m | $0 | $2.7m |
Arbitrum | $8.8m | $2.5m | $0 | $2.5m |
Level Finance | $8.4m | $4.6m | $6.7m | -$2.0m |
Blur | $8.1m | $0 | $0 | $0 |
PancakeSwap | $7.6m | $2.4m | $19.9m | -$17.5m |
dYdX | $7.6m | $7.6m | $8.8m | -$1.2m |
Aave | $7.2m | $1.0m | $309.2k | $728.2k |
Venus | $5.0m | $1.0m | $302.0k | $735.4k |
Filecoin | $5.0m | $4.4m | $35.6m | -$31.2m |
Synthetix | $4.9m | $4.9m | $3.7m | $1.2m |
Polygon | $4.6m | $3.1m | $17.8m | -$14.7m |
Flashbots | $4.5m | $0 | $0 | $0 |
Optimism | $4.3m | $1.1m | $28.2m | -$27.1m |
Manifold.xyz | $4.2m | $70.7k | $0 | $70.7k |
SushiSwap | $4.1m | $686.4k | $304.3k | $382.1k |
Trader Joe | $4.1m | $64.5k | $107.3k | -$42.8k |
Aura Finance | $2.5m | $672.7k | $3.3m | -$2.7m |
Radiant Capital | $2.2m | $1.1m | $197.1k | $890.7k |
Gains Network | $2.1m | $1.7m | $0 | $1.7m |
Lyra | $2.1m | $0 | $4.1k | -$4.1k |
Kwenta | $2.1m | $0 | $1.3m | -$1.3m |
Avalanche | $1.8m | $1.8m | $25.4m | -$23.6m |
MakerDAO | $1.7m | $1.7m | $185.1k | $1.5m |
Compound | $1.7m | $175.3k | $848.8k | -$673.5k |
Morpho | $1.5m | $0 | $0 | $0 |
MUX | $1.4m | $823.2k | $29.0k | $794.2k |
Solana | $1.2m | $586.2k | $52.9m | -$52.4m |
Ethereum Name Service | $1.2m | $1.2m | $0 | $1.2m |
Stargate | $1.1m | $1.1m | $1.0m | $68.8k |
LooksRare | $1.1m | $1.1m | $975.5k | $118.5k |
Goldfinch | $1.1m | $111.2k | $579.4k | -$468.1k |
BendDAO | $980.7k | $294.2k | $797.8k | -$503.6k |
Perpetual Protocol | $965.4k | $193.1k | $275.5k | -$82.4k |
Zora | $841.3k | $277.9k | $0 | $277.9k |
Tokenlon | $832.1k | $832.1k | $161.5k | $670.6k |
QuickSwap | $759.6k | $93.4k | $139.1k | -$45.8k |
Mummy Finance | $752.9k | $301.1k | $1.7m | -$1.4m |
Hop Protocol | $717.6k | $632.3k | $314.9k | $317.4k |
Hegic | $670.4k | $670.4k | $0 | $670.4k |
StakeWise | $669.0k | $66.9k | $799.6k | -$732.7k |
Gamma Strategies | $631.2k | $90.1k | - | $90.1k |
CoW Protocol | $621.0k | $621.0k | $0 | $621.0k |
Cap | $613.2k | $432.7k | $0 | $432.7k |
X2Y2 | $595.5k | $550.0k | $583.3k | -$33.3k |
Synapse | $488.1k | $488.1k | $543.0k | -$54.9k |
Sonne Finance | $462.1k | $63.3k | $447.8k | -$384.4k |
Abracadabra.money | $432.4k | $432.4k | $203.6k | $228.9k |
Premia | $428.3k | $21.3k | $146.7k | -$125.4k |
Ribbon Finance | $401.7k | $68.1k | $140.1k | -$72.0k |
Zyberswap | $385.2k | $45.8k | $834.5k | -$788.7k |
1inch | $336.4k | $336.4k | $45.5k | $290.9k |
SpookySwap | $330.6k | $49.6k | $380.4k | -$330.8k |
Alchemix Finance | $303.4k | $303.4k | $1.5m | -$1.2m |
SuperRare | $299.3k | $221.1k | $0 | $221.1k |
Across | $281.9k | $0 | $126.8k | -$126.8k |
Velodrome | $225.4k | $219.1k | $6.4m | -$6.2m |
Azuro | $221.8k | $11.1k | $0 | $11.1k |
BENQI | $213.9k | $41.7k | $267.1k | -$225.3k |
Equalizer Exchange | $196.5k | $103.8k | $531.4k | -$427.6k |
DeFi Saver | $196.3k | $196.3k | $0 | $196.3k |
Liquity | $169.6k | $169.6k | $749.4k | -$579.8k |
Sound.xyz | $163.5k | $8.6k | $0 | $8.6k |
Bancor | $159.4k | $134.9k | $22.6k | $112.3k |
Dogecoin | $157.4k | $0 | $34.0m | -$34.0m |
Thena | $124.7k | $77.2k | $2.1m | -$2.0m |
Mycelium | $121.4k | $36.4k | $4.9k | $31.5k |
Unipilot | $106.1k | $10.6k | $0 | $10.6k |
Voltz | $103.9k | $0 | $0 | $0 |
SX | $101.1k | $101.1k | $69.6k | $31.5k |
Metavault.Trade | $97.1k | $29.1k | $177.2k | -$148.1k |
Decentral Games | $93.1k | $93.1k | $119.3k | -$26.2k |
ApeSwap | $90.7k | $30.2k | $315.5k | -$285.3k |
NFTX | $89.7k | $32.0 | $0 | $32.0 |
Origin Protocol | $87.0k | $8.7k | $18.3k | -$9.6k |
Sudoswap | $85.8k | $12.5k | $0 | $12.5k |
IPOR Protocol | $85.4k | $985.2 | $542.3k | -$541.4k |
Foundation | $85.1k | $72.2k | $0 | $72.2k |
BetSwirl | $79.9k | $79.9k | $0 | $79.9k |
Index Cooperative | $66.8k | $66.8k | $84.9 | $66.7k |
UniDex | $50.1k | $20.1k | $0 | $20.1k |
Lens Protocol | $38.1k | $0 | $0 | $0 |
Idle Finance | $36.7k | $3.8k | $2.6k | $1.2k |
The Graph | $35.2k | $7.7k | $3.7m | -$3.7m |
MultiversX | $35.1k | $3.3k | $5.8m | -$5.8m |
Litecoin | $33.9k | $0 | $19.8m | -$19.8m |
Clipper | $33.6k | $13.2k | $0 | $13.2k |
SolidLizard | $30.0k | $38.4k | $950.3k | -$911.9k |
Wombat Exchange | $29.5k | $14.7k | $701.0k | -$686.3k |
Zerion | $29.2k | $29.2k | $0 | $29.2k |
Instadapp | $28.3k | $28.3k | $0 | $28.3k |
DODO | $27.9k | $5.6k | $95.8k | -$90.2k |
Livepeer | $26.8k | $0 | $1.0m | -$1.0m |
PoolTogether | $25.4k | $0 | $138.3k | -$138.3k |
Tokemak | $22.9k | $22.9k | $110.3k | -$87.4k |
Verse | $18.0k | $3.0k | $366.6k | -$363.6k |
Vesta Finance | $16.0k | $16.0k | $12.1k | $3.9k |
Stellar | $13.1k | $13.1k | $0 | $13.1k |
Deri Protocol | $12.7k | $10.1k | $10.8k | -$688.0 |
Notional Finance | $10.7k | $10.2k | $190.6k | -$180.4k |
Integral | $10.1k | $10.1k | $310.8 | $9.8k |
Reflexer | $9.2k | $9.2k | $30.4k | -$21.2k |
Tezos | $8.8k | $0 | $3.9m | -$3.9m |
Thales | $8.7k | $8.7k | $233.4k | -$224.7k |
Internet Computer | $8.5k | $8.5k | $15.7m | -$15.7m |
Connext | $7.4k | $0 | $0 | $0 |
Rarible | $6.2k | $6.2k | $260.1 | $6.0k |
DFX Finance | $5.3k | $2.7k | $81.1k | -$78.4k |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Solv Protocol | $3.8k | $3.8k | $0 | $3.8k |
Mean Finance | $3.6k | $907.6 | $0 | $907.6 |
Allbridge Core | $3.3k | $655.4 | $0 | $655.4 |
Alongside | $2.3k | $2.3k | $0 | $2.3k |
Kleros | $2.0k | $0 | $11.8k | -$11.8k |
Quix | $1.6k | $755.1 | $0 | $755.1 |
Mina Protocol | $1.4k | $0 | $7.4m | -$7.4m |
Ren | $707.0 | $0 | $0 | $0 |
Saddle Finance | $489.8 | $0 | $1.1m | -$1.1m |
Zcash | $416.3 | $0 | $3.3m | -$3.3m |
Swarm | $218.0 | $0 | $4.9k | -$4.9k |
Cryptex | $185.9 | $185.9 | $12.7k | -$12.5k |
Volmex | $34.9 | $34.9 | $0 | $34.9 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $8.7k | -$8.7k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $269.6k | -$269.6k |