Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $173.3m | $146.4m | $89.6m | $56.8m |
Tron | $75.9m | $75.9m | $49.6m | $26.3m |
Uniswap | $63.9m | $0 | $14.8 | -$14.8 |
Lido Finance | $49.2m | $4.9m | $1.6m | $3.3m |
Bitcoin | $24.4m | $0 | $752.6m | -$752.6m |
BNB Chain | $20.1m | $2.0m | $0 | $2.0m |
GMX | $18.1m | $5.4m | $1.3m | $4.1m |
Convex Finance | $13.7m | $2.5m | $1.5m | $1.0m |
Aave | $9.7m | $1.3m | $291.2k | $1.0m |
PancakeSwap | $9.6m | $3.1m | $21.1m | -$18.0m |
dYdX | $9.2m | $9.2m | $8.6m | $667.0k |
Blur | $9.0m | $0 | $0 | $0 |
OpenSea | $8.5m | $895.4k | $0 | $895.4k |
Arbitrum | $7.1m | $3.1m | $0 | $3.1m |
Flashbots | $6.8m | $38.7k | $0 | $38.7k |
Venus | $5.8m | $1.2m | $239.9k | $943.7k |
Level Finance | $5.4m | $3.0m | $4.7m | -$1.7m |
Filecoin | $5.0m | $4.5m | $38.8m | -$34.3m |
Synthetix | $4.9m | $4.9m | $4.0m | $946.7k |
SushiSwap | $4.9m | $815.3k | $342.0k | $473.4k |
Curve | $4.8m | $2.4m | $15.2m | -$12.8m |
Trader Joe | $4.6m | $102.2k | $116.9k | -$14.7k |
Polygon | $3.7m | $2.1m | $18.1m | -$16.0m |
Lyra | $3.4m | $0 | $4.7k | -$4.7k |
Optimism | $2.7m | $580.2k | $6.5m | -$6.0m |
Aura Finance | $2.7m | $722.4k | $3.2m | -$2.4m |
Gains Network | $2.5m | $2.1m | $0 | $2.1m |
Kwenta | $2.4m | $0 | $1.1m | -$1.1m |
Compound | $2.1m | $205.1k | $1.2m | -$1.0m |
Radiant Capital | $1.8m | $889.6k | $235.1k | $654.4k |
MakerDAO | $1.5m | $1.5m | $195.4k | $1.3m |
Morpho | $1.5m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
LooksRare | $1.2m | $1.2m | $1.1m | $68.7k |
Solana | $1.2m | $575.9k | $42.7m | -$42.1m |
Goldfinch | $1.1m | $115.7k | $206.5k | -$90.7k |
QuickSwap | $1.1m | $133.8k | $135.8k | -$2.0k |
BendDAO | $1.1m | $319.5k | $692.7k | -$373.2k |
Zora | $966.1k | $439.1k | $0 | $439.1k |
MUX | $954.6k | $639.4k | $20.4k | $619.0k |
Perpetual Protocol | $916.0k | $183.2k | $278.2k | -$95.0k |
Stargate | $883.9k | $883.9k | $1.1m | -$244.2k |
Tokenlon | $847.9k | $847.9k | $31.4k | $816.4k |
1inch | $828.1k | $828.1k | $55.9k | $772.2k |
Avalanche | $777.8k | $777.8k | $24.6m | -$23.9m |
Liquity | $763.0k | $763.0k | $1.3m | -$495.6k |
Mummy Finance | $754.8k | $301.9k | $1.8m | -$1.5m |
Cap | $747.6k | $671.8k | $0 | $671.8k |
Hop Protocol | $737.7k | $623.7k | $441.5k | $182.1k |
X2Y2 | $722.0k | $663.1k | $735.7k | -$72.7k |
Synapse | $632.8k | $632.8k | $622.0k | $10.8k |
CoW Protocol | $619.8k | $619.8k | $0 | $619.8k |
Hegic | $615.7k | $615.7k | $0 | $615.7k |
StakeWise | $601.7k | $60.2k | $788.6k | -$728.4k |
Gamma Strategies | $600.8k | $84.5k | - | $84.5k |
Zyberswap | $595.0k | $114.6k | $1.9m | -$1.8m |
SpookySwap | $587.9k | $88.2k | $425.4k | -$337.2k |
Sonne Finance | $530.9k | $71.7k | $573.7k | -$502.0k |
SuperRare | $481.5k | $304.2k | $0 | $304.2k |
Premia | $408.6k | $21.2k | $94.5k | -$73.3k |
Ribbon Finance | $406.5k | $69.7k | $203.3k | -$133.6k |
Abracadabra.money | $397.2k | $397.2k | $209.1k | $188.1k |
Velodrome | $373.2k | $410.5k | $6.4m | -$6.0m |
Across | $324.7k | $0 | $334.7k | -$334.7k |
Equalizer Exchange | $320.6k | $342.4k | $1.4m | -$1.0m |
Alchemix Finance | $253.1k | $253.1k | $877.5k | -$624.5k |
Thena | $231.3k | $210.4k | $2.7m | -$2.5m |
Azuro | $210.6k | $10.5k | $0 | $10.5k |
Metavault.Trade | $203.1k | $60.9k | $261.1k | -$200.2k |
Bancor | $201.9k | $170.6k | $7.9k | $162.7k |
DeFi Saver | $201.9k | $201.9k | $0 | $201.9k |
BENQI | $191.8k | $37.2k | $249.3k | -$212.1k |
Voltz | $171.6k | $0 | $0 | $0 |
Unipilot | $164.9k | $16.5k | $0 | $16.5k |
ApeSwap | $159.4k | $57.4k | $402.6k | -$345.2k |
IPOR Protocol | $147.9k | $2.9k | $756.4k | -$753.4k |
Sound.xyz | $138.8k | $6.9k | $0 | $6.9k |
Mycelium | $132.3k | $39.7k | $7.8k | $31.9k |
Euler | $121.2k | $14.7k | $136.3k | -$121.6k |
SX | $117.3k | $117.3k | $77.1k | $40.2k |
BetSwirl | $116.4k | $116.4k | $0 | $116.4k |
NFTX | $109.4k | $45.0 | $0 | $45.0 |
Origin Protocol | $108.0k | $10.8k | $21.9k | -$11.1k |
Dogecoin | $104.3k | $0 | $31.3m | -$31.3m |
Foundation | $100.2k | $85.9k | $0 | $85.9k |
SolidLizard | $100.1k | $98.3k | $2.5m | -$2.4m |
Decentral Games | $99.4k | $99.4k | $122.9k | -$23.5k |
Sudoswap | $99.3k | $14.7k | $0 | $14.7k |
Instadapp | $80.6k | $80.6k | $0 | $80.6k |
Clipper | $64.2k | $27.9k | $0 | $27.9k |
UniDex | $64.0k | $25.6k | $0 | $25.6k |
Idle Finance | $62.6k | $6.4k | $4.9k | $1.5k |
Wombat Exchange | $61.5k | $61.5k | $285.1k | -$223.7k |
Index Cooperative | $53.2k | $53.2k | $96.9 | $53.1k |
Vesta Finance | $52.9k | $52.9k | $91.8k | -$38.9k |
MultiversX | $44.6k | $3.8k | $5.9m | -$5.9m |
Swarm | $42.0k | $0 | $10.2k | -$10.2k |
DODO | $37.3k | $7.5k | $103.7k | -$96.2k |
Notional Finance | $34.9k | $31.4k | $239.9k | -$208.5k |
Lens Protocol | $34.7k | $0 | $0 | $0 |
Litecoin | $33.0k | $0 | $18.8m | -$18.8m |
Livepeer | $30.3k | $0 | $1.1m | -$1.1m |
Zerion | $29.2k | $29.2k | $0 | $29.2k |
The Graph | $29.0k | $3.3k | $3.5m | -$3.5m |
Deri Protocol | $23.6k | $18.9k | $12.0k | $6.9k |
Tokemak | $20.8k | $20.8k | $175.0k | -$154.2k |
PoolTogether | $17.6k | $0 | $204.0k | -$204.0k |
Reflexer | $15.3k | $15.3k | $48.5k | -$33.2k |
DFX Finance | $14.9k | $7.5k | $108.0k | -$100.5k |
Stellar | $13.5k | $13.5k | $0 | $13.5k |
Allbridge Core | $13.5k | $2.7k | $0 | $2.7k |
Verse | $12.1k | $2.0k | $280.8k | -$278.8k |
Connext | $11.5k | $0 | $0 | $0 |
Thales | $9.4k | $9.4k | $216.3k | -$207.0k |
Internet Computer | $9.2k | $9.2k | $17.5m | -$17.5m |
Rarible | $7.5k | $7.5k | $376.2 | $7.1k |
Integral | $7.2k | $7.2k | $5.4k | $1.8k |
Solv Protocol | $6.6k | $6.6k | $0 | $6.6k |
Mean Finance | $4.2k | $1.1k | $0 | $1.1k |
Ren | $2.2k | $0 | $0 | $0 |
Alongside | $2.0k | $2.0k | $0 | $2.0k |
Kleros | $2.0k | $0 | $15.0k | -$15.0k |
Mina Protocol | $1.6k | $0 | $7.7m | -$7.7m |
Saddle Finance | $1.3k | $0 | $1.1m | -$1.1m |
Toucan Protocol | $889.4 | $889.4 | $0 | $889.4 |
Cryptex | $784.6 | $784.6 | $14.7k | -$14.0k |
Quix | $684.9 | $328.0 | $0 | $328.0 |
Zcash | $373.0 | $0 | $3.1m | -$3.1m |
Volmex | $106.0 | $106.0 | $0 | $106.0 |
ParagonsDAO | $3.5 | $3.5 | $0 | $3.5 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $322.3k | $0 |