Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $359.1m | $308.3m | $98.3m | $210.0m |
Tron | $85.3m | $85.3m | $59.2m | $26.1m |
Uniswap | $60.4m | $0 | $0 | $0 |
Lido Finance | $56.0m | $5.6m | $539.4k | $5.1m |
Bitcoin | $50.6m | $0 | $778.0m | -$778.0m |
BNB Chain | $19.7m | $2.0m | $0 | $2.0m |
GMX | $15.6m | $4.7m | $864.5k | $3.8m |
Convex Finance | $15.2m | $3.0m | $1.2m | $1.8m |
Arbitrum | $10.8m | $1.9m | $0 | $1.9m |
Level Finance | $8.2m | $4.5m | $8.4m | -$3.8m |
Venus | $7.9m | $1.8m | $323.5k | $1.4m |
Aave | $7.4m | $1.0m | $336.7k | $671.5k |
dYdX | $7.4m | $7.4m | $7.9m | -$458.7k |
PancakeSwap | $7.3m | $2.3m | $15.1m | -$12.8m |
OpenSea | $7.2m | $2.9m | $0 | $2.9m |
Flashbots | $6.3m | $0 | $0 | $0 |
Blur | $6.1m | $0 | $0 | $0 |
SushiSwap | $5.7m | $942.4k | $273.5k | $668.9k |
Polygon | $5.6m | $4.1m | $17.3m | -$13.1m |
Optimism | $5.2m | $1.1m | $26.9m | -$25.8m |
Synthetix | $4.1m | $4.1m | $2.9m | $1.3m |
Filecoin | $3.3m | $3.1m | $32.7m | -$29.6m |
Manifold.xyz | $3.1m | $36.1k | $0 | $36.1k |
Trader Joe | $2.8m | $76.8k | $68.9k | $7.9k |
Radiant Capital | $2.4m | $1.2m | $188.5k | $1.0m |
Avalanche | $2.2m | $2.2m | $67.6m | -$65.4m |
Aura Finance | $2.2m | $579.8k | $2.9m | -$2.3m |
Lyra | $2.0m | $0 | $1.5k | -$1.5k |
Kwenta | $1.9m | $0 | $1.1m | -$1.1m |
Morpho | $1.8m | $0 | $0 | $0 |
MakerDAO | $1.8m | $1.8m | $206.7k | $1.6m |
Ethereum Name Service | $1.7m | $1.7m | $0 | $1.7m |
Gains Network | $1.7m | $1.4m | $0 | $1.4m |
Compound | $1.7m | $175.5k | $674.0k | -$498.5k |
MUX | $1.3m | $733.8k | $39.4k | $694.4k |
Solana | $1.2m | $611.4k | $50.1m | -$49.5m |
Stargate | $1.2m | $1.2m | $1.0m | $218.7k |
CoW Protocol | $1.1m | $1.1m | $0 | $1.1m |
Perpetual Protocol | $1.0m | $202.2k | $260.2k | -$58.1k |
LooksRare | $903.9k | $903.5k | $964.5k | -$61.0k |
BendDAO | $848.6k | $254.6k | $760.5k | -$506.0k |
Goldfinch | $833.7k | $85.6k | $508.1k | -$422.4k |
QuickSwap | $820.9k | $99.6k | $140.5k | -$40.9k |
StakeWise | $812.3k | $81.2k | $647.9k | -$566.7k |
Tokenlon | $808.0k | $808.0k | $202.3k | $605.7k |
Mummy Finance | $726.7k | $290.7k | $1.4m | -$1.1m |
Hegic | $708.8k | $708.8k | $0 | $708.8k |
Hop Protocol | $676.8k | $606.6k | $318.7k | $287.8k |
Gamma Strategies | $675.8k | $96.7k | - | $96.7k |
Zora | $522.0k | $248.4k | $0 | $248.4k |
X2Y2 | $514.2k | $457.4k | $499.3k | -$41.9k |
Synapse | $452.3k | $452.3k | $473.7k | -$21.4k |
Abracadabra.money | $444.6k | $444.6k | $162.4k | $282.2k |
Sonne Finance | $422.9k | $58.0k | $364.7k | -$306.6k |
Premia | $394.8k | $19.5k | $143.6k | -$124.1k |
Ribbon Finance | $343.8k | $61.6k | $70.7k | -$9.1k |
Zyberswap | $314.2k | $37.6k | $400.2k | -$362.6k |
SuperRare | $302.5k | $181.6k | $0 | $181.6k |
SpookySwap | $300.9k | $45.1k | $339.4k | -$294.2k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
Across | $237.1k | $0 | $170.5k | -$170.5k |
DeFi Saver | $234.6k | $234.6k | $0 | $234.6k |
BENQI | $215.9k | $42.2k | $238.3k | -$196.2k |
Velodrome | $210.3k | $199.7k | $6.0m | -$5.8m |
1inch | $202.0k | $202.0k | $10.6k | $191.4k |
Liquity | $167.6k | $167.6k | $542.4k | -$374.8k |
Azuro | $161.7k | $8.1k | $0 | $8.1k |
Equalizer Exchange | $160.2k | $2.7k | $35.8k | -$33.2k |
Bancor | $140.5k | $119.6k | $19.2k | $100.4k |
Sound.xyz | $135.8k | $7.1k | $0 | $7.1k |
Dogecoin | $133.4k | $0 | $33.7m | -$33.7m |
SX | $108.4k | $108.4k | $69.5k | $38.9k |
IPOR Protocol | $107.2k | $701.4 | $350.5k | -$349.8k |
Decentral Games | $102.3k | $102.3k | $103.0k | -$681.6 |
AirSwap | $99.5k | $99.5k | $0 | $99.5k |
Unipilot | $96.0k | $9.6k | $0 | $9.6k |
Thena | $95.5k | $38.4k | $1.3m | -$1.3m |
Metavault.Trade | $90.6k | $27.2k | $189.4k | -$162.2k |
Mycelium | $90.3k | $27.1k | $4.6k | $22.4k |
Sudoswap | $86.4k | $8.7k | $0 | $8.7k |
Origin Protocol | $83.9k | $8.4k | $74.4k | -$66.0k |
Foundation | $83.4k | $66.4k | $0 | $66.4k |
BetSwirl | $79.9k | $79.9k | $0 | $79.9k |
ApeSwap | $76.0k | $26.0k | $252.6k | -$226.7k |
NFTX | $75.7k | $32.0 | $0 | $32.0 |
Index Cooperative | $66.0k | $66.0k | $0 | $66.0k |
Rarible | $56.7k | $56.7k | $273.8 | $56.4k |
Voltz | $45.8k | $0 | $0 | $0 |
UniDex | $37.4k | $15.0k | $0 | $15.0k |
The Graph | $37.4k | $7.7k | $3.2m | -$3.2m |
Litecoin | $34.8k | $0 | $19.6m | -$19.6m |
MultiversX | $34.3k | $3.3k | $5.7m | -$5.7m |
Clipper | $33.6k | $13.5k | $0 | $13.5k |
Wombat Exchange | $31.8k | $15.9k | $776.8k | -$760.9k |
Zerion | $26.6k | $26.6k | $0 | $26.6k |
PoolTogether | $25.0k | $0 | $44.9k | -$44.9k |
Instadapp | $24.9k | $24.9k | $0 | $24.9k |
Livepeer | $24.9k | $0 | $1.3m | -$1.3m |
Lens Protocol | $24.4k | $0 | $0 | $0 |
Idle Finance | $22.2k | $2.3k | $4.7k | -$2.4k |
DODO | $21.4k | $4.3k | $79.1k | -$74.8k |
Verse | $21.0k | $3.5k | $355.4k | -$351.8k |
SolidLizard | $19.3k | $18.6k | $497.3k | -$478.7k |
Internet Computer | $16.8k | $16.8k | $17.0m | -$16.9m |
Tokemak | $16.0k | $16.0k | $109.8k | -$93.8k |
Vesta Finance | $15.0k | $15.0k | $10.9k | $4.0k |
Stellar | $12.4k | $12.4k | $0 | $12.4k |
Integral | $10.3k | $10.3k | $0 | $10.3k |
Deri Protocol | $10.3k | $8.2k | $8.5k | -$235.0 |
Tezos | $8.9k | $0 | $3.8m | -$3.8m |
Connext | $7.9k | $0 | $0 | $0 |
Thales | $7.6k | $7.6k | $182.5k | -$174.9k |
Notional Finance | $5.4k | $5.1k | $127.1k | -$122.0k |
Reflexer | $5.0k | $5.0k | $9.4k | -$4.4k |
Toucan Protocol | $4.6k | $4.6k | $0 | $4.6k |
DFX Finance | $3.8k | $1.9k | $54.2k | -$52.3k |
Solv Protocol | $3.5k | $3.5k | $0 | $3.5k |
Mean Finance | $3.4k | $843.4 | $0 | $843.4 |
Alongside | $2.0k | $2.0k | $0 | $2.0k |
Kleros | $1.8k | $0 | $17.6k | -$17.6k |
Quix | $1.3k | $646.5 | $0 | $646.5 |
Mina Protocol | $1.2k | $0 | $7.0m | -$7.0m |
Zcash | $478.2 | $0 | $3.3m | -$3.3m |
Saddle Finance | $459.9 | $0 | $1.2m | -$1.2m |
Cryptex | $212.6 | $212.6 | $12.0k | -$11.8k |
Swarm | $52.0 | $0 | $1.2k | -$1.2k |
Volmex | $42.0 | $42.0 | $0 | $42.0 |
Ren | $22.2 | $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 | $247.3k | -$247.3k |