Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $234.2m | $201.6m | $97.3m | $104.4m |
Tron | $85.6m | $85.6m | $58.6m | $27.0m |
Lido Finance | $49.0m | $4.9m | $1.6m | $3.3m |
Uniswap | $48.4m | $0 | $14.8 | -$14.8 |
Bitcoin | $21.9m | $0 | $776.2m | -$776.2m |
BNB Chain | $20.2m | $2.0m | $0 | $2.0m |
GMX | $18.8m | $5.6m | $1.2m | $4.5m |
Convex Finance | $15.8m | $3.1m | $1.3m | $1.8m |
OpenSea | $9.4m | $2.8m | $0 | $2.8m |
Arbitrum | $9.0m | $2.5m | $0 | $2.5m |
Level Finance | $8.6m | $4.7m | $6.7m | -$2.0m |
Blur | $7.9m | $0 | $0 | $0 |
dYdX | $7.7m | $7.7m | $8.7m | -$934.4k |
PancakeSwap | $7.5m | $2.4m | $19.7m | -$17.3m |
Aave | $7.3m | $1.0m | $311.6k | $718.0k |
Venus | $5.9m | $1.3m | $302.6k | $959.4k |
Synthetix | $4.9m | $4.9m | $3.8m | $1.1m |
Filecoin | $4.8m | $4.2m | $35.4m | -$31.1m |
Polygon | $4.7m | $3.3m | $17.9m | -$14.6m |
SushiSwap | $4.6m | $761.7k | $300.3k | $461.4k |
Flashbots | $4.5m | $0 | $0 | $0 |
Optimism | $4.4m | $1.1m | $28.2m | -$27.1m |
Manifold.xyz | $4.0m | $67.5k | $0 | $67.5k |
Trader Joe | $4.0m | $64.6k | $103.8k | -$39.3k |
Aura Finance | $2.5m | $674.7k | $3.2m | -$2.6m |
Radiant Capital | $2.2m | $1.1m | $196.2k | $916.3k |
Gains Network | $2.1m | $1.7m | $0 | $1.7m |
Lyra | $2.1m | $0 | $2.8k | -$2.8k |
Kwenta | $2.0m | $0 | $1.3m | -$1.3m |
MakerDAO | $1.9m | $1.9m | $190.1k | $1.7m |
Avalanche | $1.9m | $1.9m | $28.8m | -$26.9m |
Compound | $1.7m | $174.6k | $842.0k | -$667.5k |
Morpho | $1.5m | $0 | $0 | $0 |
MUX | $1.4m | $824.8k | $40.2k | $784.6k |
Solana | $1.2m | $587.9k | $52.9m | -$52.4m |
Stargate | $1.1m | $1.1m | $1.1m | $88.9k |
Ethereum Name Service | $1.1m | $1.1m | $0 | $1.1m |
Goldfinch | $1.1m | $111.2k | $581.0k | -$469.8k |
LooksRare | $1.1m | $1.1m | $1.0m | $80.9k |
Perpetual Protocol | $980.4k | $196.1k | $267.3k | -$71.2k |
BendDAO | $970.7k | $291.2k | $786.5k | -$495.3k |
Zora | $888.7k | $324.4k | $0 | $324.4k |
Tokenlon | $833.5k | $833.5k | $161.6k | $671.9k |
QuickSwap | $827.7k | $102.6k | $139.0k | -$36.3k |
Mummy Finance | $759.1k | $303.6k | $1.6m | -$1.3m |
StakeWise | $679.8k | $68.0k | $859.8k | -$791.8k |
Hop Protocol | $671.3k | $590.7k | $309.9k | $280.9k |
Gamma Strategies | $660.9k | $94.4k | - | $94.4k |
Hegic | $647.8k | $647.8k | $0 | $647.8k |
CoW Protocol | $636.8k | $636.8k | $0 | $636.8k |
X2Y2 | $586.9k | $542.4k | $566.8k | -$24.4k |
Cap | $542.4k | $368.8k | $0 | $368.8k |
Synapse | $477.9k | $477.9k | $534.7k | -$56.9k |
Abracadabra.money | $474.3k | $474.3k | $207.1k | $267.1k |
Sonne Finance | $460.5k | $63.1k | $445.8k | -$382.7k |
Premia | $422.8k | $21.1k | $156.9k | -$135.8k |
Ribbon Finance | $401.7k | $68.1k | $137.3k | -$69.2k |
Zyberswap | $391.9k | $48.1k | $792.9k | -$744.8k |
1inch | $346.6k | $346.6k | $45.7k | $301.0k |
SpookySwap | $330.7k | $49.6k | $377.8k | -$328.2k |
Alchemix Finance | $303.4k | $303.4k | $1.5m | -$1.2m |
SuperRare | $299.8k | $221.6k | $0 | $221.6k |
Across | $270.5k | $0 | $127.3k | -$127.3k |
Velodrome | $230.3k | $282.1k | $6.5m | -$6.2m |
DeFi Saver | $217.6k | $217.6k | $0 | $217.6k |
BENQI | $215.2k | $42.0k | $266.4k | -$224.5k |
Azuro | $209.7k | $10.5k | $0 | $10.5k |
Equalizer Exchange | $195.1k | $103.8k | $488.6k | -$384.8k |
Liquity | $182.5k | $182.5k | $721.1k | -$538.6k |
Sound.xyz | $166.7k | $8.7k | $0 | $8.7k |
Bancor | $158.9k | $134.6k | $22.9k | $111.8k |
Dogecoin | $156.3k | $0 | $34.1m | -$34.1m |
Thena | $123.0k | $76.2k | $2.0m | -$2.0m |
Mycelium | $120.1k | $36.0k | $4.7k | $31.3k |
Unipilot | $107.1k | $10.7k | $0 | $10.7k |
SX | $106.0k | $106.0k | $69.5k | $36.5k |
Metavault.Trade | $101.9k | $30.6k | $224.2k | -$193.7k |
Voltz | $99.7k | $0 | $0 | $0 |
Decentral Games | $94.1k | $94.1k | $118.6k | -$24.5k |
NFTX | $90.3k | $32.0 | $0 | $32.0 |
ApeSwap | $88.6k | $29.7k | $314.8k | -$285.1k |
Origin Protocol | $86.8k | $8.7k | $77.6k | -$69.0k |
Foundation | $85.7k | $72.3k | $0 | $72.3k |
IPOR Protocol | $84.7k | $959.6 | $533.6k | -$532.6k |
Sudoswap | $82.0k | $12.0k | $0 | $12.0k |
BetSwirl | $77.1k | $77.1k | $0 | $77.1k |
Index Cooperative | $67.4k | $67.4k | $84.9 | $67.4k |
UniDex | $50.2k | $20.1k | $0 | $20.1k |
The Graph | $39.3k | $7.8k | $3.7m | -$3.7m |
Idle Finance | $37.4k | $3.9k | $4.9k | -$1.0k |
MultiversX | $35.7k | $3.4k | $5.8m | -$5.8m |
Lens Protocol | $34.0k | $0 | $0 | $0 |
Litecoin | $33.9k | $0 | $19.8m | -$19.8m |
Clipper | $33.6k | $13.2k | $0 | $13.2k |
SolidLizard | $29.5k | $42.9k | $898.4k | -$855.5k |
Wombat Exchange | $28.9k | $14.5k | $715.6k | -$701.2k |
DODO | $28.6k | $5.7k | $99.6k | -$93.9k |
Zerion | $28.5k | $28.5k | $0 | $28.5k |
Instadapp | $28.3k | $28.3k | $0 | $28.3k |
PoolTogether | $27.0k | $0 | $131.1k | -$131.1k |
Livepeer | $26.5k | $0 | $1.4m | -$1.4m |
Tokemak | $22.9k | $22.9k | $111.7k | -$88.8k |
Verse | $18.6k | $3.1k | $366.2k | -$363.1k |
Vesta Finance | $16.1k | $16.1k | $11.7k | $4.4k |
Stellar | $13.2k | $13.2k | $0 | $13.2k |
Deri Protocol | $12.4k | $9.9k | $11.0k | -$1.1k |
Integral | $10.4k | $10.4k | $310.8 | $10.1k |
Notional Finance | $9.8k | $9.4k | $179.3k | -$169.9k |
Tezos | $8.9k | $0 | $4.0m | -$4.0m |
Reflexer | $8.8k | $8.8k | $30.9k | -$22.1k |
Thales | $8.8k | $8.8k | $236.5k | -$227.8k |
Internet Computer | $8.3k | $8.3k | $15.2m | -$15.2m |
Connext | $7.5k | $0 | $0 | $0 |
Rarible | $6.0k | $6.0k | $260.1 | $5.8k |
DFX Finance | $5.4k | $2.7k | $76.4k | -$73.7k |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Solv Protocol | $3.8k | $3.8k | $0 | $3.8k |
Mean Finance | $3.7k | $929.7 | $0 | $929.7 |
Allbridge Core | $2.8k | $568.9 | $0 | $568.9 |
Alongside | $2.3k | $2.3k | $0 | $2.3k |
Kleros | $2.0k | $0 | $11.8k | -$11.8k |
Quix | $1.6k | $753.7 | $0 | $753.7 |
Mina Protocol | $1.3k | $0 | $7.3m | -$7.3m |
Ren | $655.6 | $0 | $0 | $0 |
Saddle Finance | $501.0 | $0 | $1.1m | -$1.1m |
Zcash | $424.6 | $0 | $3.3m | -$3.3m |
Swarm | $214.7 | $0 | $4.6k | -$4.6k |
Cryptex | $185.9 | $185.9 | $15.0k | -$14.8k |
Volmex | $35.1 | $35.1 | $0 | $35.1 |
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 | $266.5k | -$266.5k |