Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $252.3m | $216.6m | $97.8m | $118.8m |
Tron | $86.8m | $86.8m | $60.4m | $26.4m |
Lido Finance | $50.1m | $5.0m | $1.1m | $3.9m |
Uniswap | $48.7m | $0 | $0 | $0 |
Bitcoin | $24.4m | $0 | $783.0m | -$783.0m |
BNB Chain | $20.1m | $2.0m | $0 | $2.0m |
GMX | $17.3m | $5.2m | $1.0m | $4.1m |
Convex Finance | $15.7m | $3.1m | $1.3m | $1.8m |
Arbitrum | $9.2m | $2.4m | $0 | $2.4m |
OpenSea | $8.8m | $3.1m | $0 | $3.1m |
Level Finance | $8.6m | $4.7m | $8.7m | -$4.0m |
dYdX | $7.5m | $7.5m | $8.4m | -$910.0k |
Aave | $7.4m | $1.0m | $304.1k | $720.9k |
PancakeSwap | $7.4m | $2.4m | $18.0m | -$15.6m |
Blur | $7.3m | $0 | $0 | $0 |
Venus | $6.9m | $1.5m | $321.0k | $1.2m |
Polygon | $5.2m | $3.8m | $17.6m | -$13.9m |
Flashbots | $4.6m | $0 | $0 | $0 |
Optimism | $4.5m | $1.1m | $27.9m | -$26.8m |
SushiSwap | $4.5m | $750.2k | $303.9k | $446.3k |
Filecoin | $4.5m | $4.1m | $34.7m | -$30.5m |
Synthetix | $3.7m | $3.7m | $3.2m | $495.0k |
Manifold.xyz | $3.7m | $51.1k | $0 | $51.1k |
Trader Joe | $3.3m | $67.7k | $82.6k | -$14.9k |
Aura Finance | $2.4m | $632.0k | $2.8m | -$2.2m |
Radiant Capital | $2.4m | $1.2m | $185.9k | $991.6k |
Avalanche | $2.1m | $2.1m | $44.1m | -$42.0m |
Lyra | $2.0m | $0 | $1.6k | -$1.6k |
Gains Network | $2.0m | $1.6m | $0 | $1.6m |
MakerDAO | $1.8m | $1.8m | $203.8k | $1.6m |
Kwenta | $1.8m | $0 | $1.1m | -$1.1m |
Compound | $1.7m | $173.4k | $782.6k | -$609.1k |
Morpho | $1.6m | $0 | $0 | $0 |
MUX | $1.4m | $785.6k | $35.3k | $750.3k |
Stargate | $1.2m | $1.2m | $1.1m | $82.4k |
Solana | $1.2m | $597.5k | $53.7m | -$53.1m |
Goldfinch | $1.1m | $111.8k | $544.0k | -$432.1k |
LooksRare | $1.0m | $1.0m | $974.4k | $36.1k |
Ethereum Name Service | $1.0m | $1.0m | $0 | $1.0m |
Perpetual Protocol | $991.3k | $198.3k | $304.7k | -$106.4k |
BendDAO | $922.6k | $276.8k | $757.8k | -$481.1k |
Zora | $863.9k | $310.5k | $0 | $310.5k |
QuickSwap | $807.8k | $98.7k | $138.1k | -$39.4k |
Tokenlon | $786.0k | $786.0k | $202.2k | $583.8k |
Mummy Finance | $737.3k | $294.9k | $1.6m | -$1.3m |
Hegic | $732.6k | $732.6k | $0 | $732.6k |
StakeWise | $704.2k | $70.4k | $704.4k | -$634.0k |
CoW Protocol | $683.6k | $683.6k | $0 | $683.6k |
Gamma Strategies | $656.9k | $93.9k | - | $93.9k |
Hop Protocol | $617.5k | $543.7k | $313.1k | $230.6k |
X2Y2 | $556.4k | $506.8k | $535.6k | -$28.8k |
Synapse | $458.1k | $458.1k | $500.1k | -$42.0k |
Sonne Finance | $445.3k | $61.0k | $401.2k | -$340.3k |
Abracadabra.money | $424.2k | $424.2k | $185.2k | $239.0k |
Premia | $399.3k | $19.6k | $149.5k | -$129.9k |
Cap | $381.4k | $223.8k | $0 | $223.8k |
Ribbon Finance | $370.8k | $63.6k | $112.5k | -$48.8k |
1inch | $352.6k | $352.6k | $20.8k | $331.8k |
Zyberswap | $351.1k | $42.9k | $577.3k | -$534.4k |
SpookySwap | $300.1k | $45.0k | $360.6k | -$315.6k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
SuperRare | $282.6k | $203.8k | $0 | $203.8k |
BENQI | $217.7k | $42.5k | $261.7k | -$219.2k |
Across | $217.2k | $0 | $130.2k | -$130.2k |
Velodrome | $216.0k | $222.1k | $6.2m | -$6.0m |
DeFi Saver | $215.3k | $215.3k | $0 | $215.3k |
Azuro | $200.2k | $10.0k | $0 | $10.0k |
Equalizer Exchange | $176.0k | $43.5k | $306.7k | -$263.2k |
Liquity | $174.1k | $174.1k | $724.2k | -$550.1k |
Bancor | $150.4k | $127.6k | $22.6k | $105.0k |
Sound.xyz | $149.5k | $7.8k | $0 | $7.8k |
Dogecoin | $149.2k | $0 | $34.3m | -$34.3m |
SX | $116.3k | $116.3k | $69.4k | $46.9k |
Thena | $110.2k | $64.7k | $1.7m | -$1.7m |
Mycelium | $105.6k | $31.7k | $4.6k | $27.1k |
IPOR Protocol | $102.1k | $769.7 | $478.3k | -$477.6k |
NFTX | $96.0k | $32.0 | $0 | $32.0 |
Decentral Games | $92.8k | $92.8k | $117.4k | -$24.7k |
Metavault.Trade | $92.0k | $27.6k | $207.8k | -$180.2k |
Unipilot | $91.9k | $9.2k | $0 | $9.2k |
Origin Protocol | $90.0k | $9.0k | $77.2k | -$68.2k |
Foundation | $82.5k | $69.1k | $0 | $69.1k |
ApeSwap | $81.7k | $27.7k | $302.0k | -$274.3k |
Sudoswap | $79.7k | $11.2k | $0 | $11.2k |
Voltz | $75.5k | $0 | $0 | $0 |
BetSwirl | $71.7k | $71.7k | $0 | $71.7k |
Index Cooperative | $67.3k | $67.3k | $0.9 | $67.3k |
UniDex | $50.0k | $20.1k | $0 | $20.1k |
Idle Finance | $40.7k | $4.1k | $4.9k | -$708.4 |
The Graph | $36.3k | $7.5k | $3.3m | -$3.3m |
MultiversX | $34.9k | $3.3k | $5.8m | -$5.8m |
Clipper | $33.9k | $13.4k | $0 | $13.4k |
Litecoin | $33.6k | $0 | $19.9m | -$19.9m |
Instadapp | $30.2k | $30.2k | $0 | $30.2k |
Lens Protocol | $28.5k | $0 | $0 | $0 |
Wombat Exchange | $28.4k | $14.2k | $772.9k | -$758.7k |
PoolTogether | $26.5k | $0 | $98.1k | -$98.1k |
Zerion | $26.3k | $26.3k | $0 | $26.3k |
DODO | $25.6k | $5.1k | $88.8k | -$83.7k |
Livepeer | $25.4k | $0 | $1.4m | -$1.4m |
SolidLizard | $23.9k | $25.0k | $667.2k | -$642.3k |
Verse | $18.6k | $3.1k | $372.3k | -$369.1k |
Tokemak | $18.0k | $18.0k | $110.2k | -$92.2k |
Vesta Finance | $16.0k | $16.0k | $10.3k | $5.7k |
Stellar | $13.3k | $13.3k | $0 | $13.3k |
Deri Protocol | $10.9k | $8.7k | $9.1k | -$363.4 |
Integral | $10.4k | $10.4k | $0 | $10.4k |
Internet Computer | $9.2k | $9.2k | $15.7m | -$15.7m |
Tezos | $9.0k | $0 | $3.8m | -$3.8m |
Thales | $8.3k | $8.3k | $200.1k | -$191.7k |
Notional Finance | $8.2k | $7.8k | $141.5k | -$133.7k |
Connext | $7.4k | $0 | $0 | $0 |
Reflexer | $7.3k | $7.3k | $30.0k | -$22.7k |
Rarible | $5.0k | $5.0k | $335.1 | $4.6k |
DFX Finance | $4.5k | $2.2k | $64.6k | -$62.3k |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Solv Protocol | $3.8k | $3.8k | $0 | $3.8k |
Mean Finance | $3.5k | $885.7 | $0 | $885.7 |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Kleros | $1.9k | $0 | $24.3k | -$24.3k |
Quix | $1.6k | $777.9 | $0 | $777.9 |
Mina Protocol | $1.3k | $0 | $7.2m | -$7.2m |
Saddle Finance | $489.9 | $0 | $1.2m | -$1.2m |
Zcash | $419.6 | $0 | $3.3m | -$3.3m |
Ren | $215.8 | $0 | $0 | $0 |
Cryptex | $212.6 | $212.6 | $14.8k | -$14.6k |
Swarm | $205.8 | $0 | $3.2k | -$3.2k |
Allbridge Core | $153.9 | $30.8 | $0 | $30.8 |
Volmex | $34.7 | $34.7 | $0 | $34.7 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $9.6k | -$9.6k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $254.1k | -$254.1k |