Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $171.4m | $147.5m | $94.5m | $53.0m |
Tron | $80.6m | $80.6m | $53.6m | $27.1m |
Uniswap | $48.4m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.4m | $4.6m | $1.6m | $3.0m |
Bitcoin | $23.7m | $0 | $790.3m | -$790.3m |
BNB Chain | $19.9m | $2.0m | $0 | $2.0m |
GMX | $17.3m | $5.2m | $1.1m | $4.1m |
Convex Finance | $15.8m | $3.1m | $1.5m | $1.5m |
Blur | $8.7m | $0 | $0 | $0 |
PancakeSwap | $8.0m | $2.6m | $20.9m | -$18.3m |
Arbitrum | $8.0m | $3.4m | $0 | $3.4m |
dYdX | $7.6m | $7.6m | $9.2m | -$1.6m |
Aave | $7.2m | $1.1m | $313.6k | $768.2k |
Level Finance | $7.0m | $3.9m | $5.8m | -$1.9m |
Filecoin | $5.3m | $4.8m | $38.4m | -$33.7m |
Flashbots | $5.2m | $35.5k | $0 | $35.5k |
Manifold.xyz | $4.8m | $90.2k | $0 | $90.2k |
Trader Joe | $4.4m | $71.9k | $123.8k | -$51.9k |
Venus | $4.3m | $845.4k | $290.0k | $555.4k |
SushiSwap | $4.2m | $702.9k | $321.3k | $381.6k |
Synthetix | $3.8m | $3.8m | $3.4m | $430.9k |
Polygon | $3.6m | $2.1m | $18.0m | -$15.9m |
Optimism | $3.1m | $740.3k | $28.2m | -$27.4m |
Aura Finance | $2.7m | $725.6k | $3.3m | -$2.6m |
Lyra | $2.3m | $0 | $5.2k | -$5.2k |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
MakerDAO | $1.9m | $1.9m | $189.2k | $1.7m |
Radiant Capital | $1.8m | $923.0k | $337.5k | $585.4k |
Compound | $1.8m | $184.7k | $1.1m | -$872.8k |
Morpho | $1.4m | $0 | $0 | $0 |
Kwenta | $1.4m | $0 | $1.0m | -$1.0m |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
LooksRare | $1.2m | $1.2m | $1.0m | $215.6k |
Goldfinch | $1.2m | $121.7k | $295.6k | -$173.9k |
MUX | $1.2m | $732.8k | $25.8k | $707.0k |
Solana | $1.1m | $568.2k | $48.4m | -$47.8m |
OpenSea | $1.1m | $309.2k | $0 | $309.2k |
BendDAO | $1.1m | $320.9k | $702.7k | -$381.8k |
Avalanche | $992.7k | $992.7k | $26.6m | -$25.6m |
Stargate | $921.4k | $921.4k | $1.1m | -$168.4k |
Perpetual Protocol | $902.2k | $180.4k | $326.0k | -$145.6k |
Zora | $850.2k | $339.7k | $0 | $339.7k |
Tokenlon | $793.7k | $793.7k | $2.8k | $790.9k |
Cap | $791.5k | $646.4k | $0 | $646.4k |
Hop Protocol | $779.7k | $673.7k | $424.6k | $249.1k |
QuickSwap | $770.3k | $95.6k | $115.4k | -$19.8k |
Mummy Finance | $699.6k | $279.8k | $1.8m | -$1.5m |
X2Y2 | $678.1k | $622.5k | $669.3k | -$46.9k |
Hegic | $617.0k | $617.0k | $0 | $617.0k |
Gamma Strategies | $616.9k | $87.7k | - | $87.7k |
Synapse | $594.2k | $594.2k | $571.7k | $22.5k |
StakeWise | $583.2k | $58.3k | $773.2k | -$714.9k |
Sonne Finance | $502.6k | $68.9k | $531.9k | -$463.0k |
Zyberswap | $473.9k | $62.4k | $1.5m | -$1.4m |
CoW Protocol | $451.5k | $451.5k | $0 | $451.5k |
SpookySwap | $412.2k | $61.8k | $425.7k | -$363.9k |
Premia | $409.1k | $21.2k | $116.7k | -$95.5k |
SuperRare | $406.8k | $264.8k | $0 | $264.8k |
Ribbon Finance | $371.7k | $69.6k | $203.3k | -$133.7k |
Abracadabra.money | $366.8k | $366.8k | $218.6k | $148.2k |
Across | $339.9k | $0 | $128.1k | -$128.1k |
Alchemix Finance | $303.4k | $303.4k | $830.4k | -$527.0k |
1inch | $299.6k | $299.6k | $53.7k | $246.0k |
Velodrome | $251.4k | $270.1k | $6.2m | -$6.0m |
Equalizer Exchange | $245.4k | $220.6k | $957.8k | -$737.1k |
Azuro | $211.7k | $10.6k | $0 | $10.6k |
BENQI | $201.3k | $39.2k | $271.4k | -$232.2k |
Bancor | $192.1k | $162.2k | $9.3k | $152.9k |
DeFi Saver | $171.7k | $171.7k | $0 | $171.7k |
Unipilot | $166.1k | $16.6k | $0 | $16.6k |
Liquity | $159.1k | $159.1k | $778.2k | -$619.1k |
Thena | $145.9k | $136.9k | $2.4m | -$2.2m |
Voltz | $143.2k | $0 | $0 | $0 |
Dogecoin | $136.6k | $0 | $33.0m | -$33.0m |
Sound.xyz | $134.3k | $7.0k | $0 | $7.0k |
ApeSwap | $129.3k | $41.3k | $384.9k | -$343.6k |
Metavault.Trade | $129.1k | $38.7k | $244.3k | -$205.6k |
Mycelium | $116.0k | $34.8k | $8.1k | $26.7k |
NFTX | $107.9k | $29.1 | $0 | $29.1 |
SX | $103.0k | $103.0k | $72.6k | $30.4k |
Decentral Games | $100.7k | $100.7k | $122.8k | -$22.1k |
Sudoswap | $98.5k | $14.7k | $0 | $14.7k |
Foundation | $96.5k | $82.8k | $0 | $82.8k |
BetSwirl | $90.8k | $90.8k | $0 | $90.8k |
Origin Protocol | $83.9k | $8.4k | $21.3k | -$12.9k |
IPOR Protocol | $80.0k | $2.6k | $602.8k | -$600.1k |
Index Cooperative | $66.1k | $66.1k | $84.9 | $66.0k |
Idle Finance | $63.4k | $6.5k | $4.4k | $2.1k |
SolidLizard | $63.0k | $71.1k | $1.8m | -$1.8m |
UniDex | $50.1k | $20.0k | $0 | $20.0k |
Instadapp | $40.8k | $40.8k | $0 | $40.8k |
DODO | $38.1k | $7.6k | $93.0k | -$85.3k |
MultiversX | $37.6k | $3.4k | $5.9m | -$5.9m |
Wombat Exchange | $37.1k | $18.6k | $539.8k | -$521.2k |
Lens Protocol | $35.4k | $0 | $0 | $0 |
Litecoin | $34.7k | $0 | $19.7m | -$19.7m |
Clipper | $33.4k | $12.5k | $0 | $12.5k |
The Graph | $33.0k | $7.3k | $3.7m | -$3.7m |
Zerion | $33.0k | $33.0k | $0 | $33.0k |
Livepeer | $28.1k | $0 | $907.7k | -$907.7k |
Notional Finance | $25.8k | $23.5k | $187.2k | -$163.7k |
Deri Protocol | $21.6k | $17.3k | $12.4k | $4.9k |
Tokemak | $19.9k | $19.9k | $202.2k | -$182.3k |
Vesta Finance | $15.3k | $15.3k | $13.4k | $1.9k |
Verse | $14.7k | $2.5k | $318.7k | -$316.2k |
PoolTogether | $13.3k | $0 | $162.1k | -$162.1k |
Stellar | $13.2k | $13.2k | $0 | $13.2k |
Reflexer | $12.6k | $12.6k | $27.2k | -$14.6k |
DFX Finance | $9.9k | $4.9k | $88.0k | -$83.1k |
Tezos | $9.8k | $0 | $4.0m | -$4.0m |
Internet Computer | $9.8k | $9.8k | $16.6m | -$16.6m |
Allbridge Core | $9.7k | $1.9k | $0 | $1.9k |
Connext | $9.1k | $0 | $0 | $0 |
Integral | $9.0k | $9.0k | $5.4k | $3.6k |
Thales | $7.5k | $7.5k | $220.7k | -$213.2k |
Rarible | $7.2k | $7.2k | $373.8 | $6.9k |
Solv Protocol | $6.0k | $6.0k | $0 | $6.0k |
Toucan Protocol | $4.3k | $4.3k | $0 | $4.3k |
Mean Finance | $3.7k | $933.7 | $0 | $933.7 |
Swarm | $3.1k | $0 | $8.1k | -$8.1k |
Alongside | $2.3k | $2.3k | $0 | $2.3k |
Kleros | $1.9k | $0 | $17.3k | -$17.3k |
Ren | $1.8k | $0 | $0 | $0 |
Mina Protocol | $1.5k | $0 | $7.7m | -$7.7m |
Quix | $1.2k | $547.6 | $0 | $547.6 |
Saddle Finance | $493.4 | $0 | $1.3m | -$1.3m |
Zcash | $388.3 | $0 | $3.3m | -$3.3m |
Cryptex | $196.2 | $196.2 | $4.2k | -$4.0k |
Volmex | $55.9 | $55.9 | $0 | $55.9 |
ParagonsDAO | $0.1 | $0.1 | $0 | $0.1 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Curve | - | - | $15.2m | $27.1m |
Euler | $0 | $0 | $7.8k | -$7.8k |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $289.6k | $0 |