Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $173.2m | $145.8m | $86.3m | $59.5m |
Tron | $69.7m | $69.7m | $43.9m | $25.8m |
Uniswap | $66.1m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.8m | $4.7m | $477.3k | $4.2m |
Bitcoin | $23.7m | $0 | $713.1m | -$713.1m |
GMX | $18.8m | $5.6m | $1.4m | $4.2m |
Convex Finance | $13.4m | $2.5m | $1.6m | $867.4k |
Blur | $10.1m | $0 | $0 | $0 |
dYdX | $9.9m | $9.9m | $8.8m | $1.1m |
PancakeSwap | $9.8m | $3.2m | $21.2m | -$18.0m |
Aave | $9.5m | $1.3m | $336.1k | $942.2k |
OpenSea | $8.3m | $309.6k | $0 | $309.6k |
Flashbots | $7.3m | $40.6k | $0 | $40.6k |
Arbitrum | $6.5m | $3.0m | $0 | $3.0m |
Venus | $5.7m | $1.2m | $244.9k | $931.2k |
SushiSwap | $5.4m | $904.2k | $333.2k | $571.0k |
Synthetix | $5.1m | $5.1m | $3.8m | $1.3m |
Filecoin | $4.8m | $4.2m | $41.1m | -$36.8m |
Level Finance | $4.7m | $2.6m | $4.5m | -$1.9m |
Trader Joe | $4.5m | $106.2k | $119.3k | -$13.1k |
Polygon | $3.9m | $2.1m | $18.0m | -$15.8m |
Lyra | $3.5m | $0 | $5.5k | -$5.5k |
Gains Network | $2.6m | $2.2m | $0 | $2.2m |
Aura Finance | $2.6m | $697.0k | $3.3m | -$2.6m |
Kwenta | $2.5m | $0 | $1.1m | -$1.1m |
Optimism | $2.3m | $435.7k | $6.8m | -$6.4m |
Compound | $2.2m | $214.8k | $1.3m | -$1.1m |
MakerDAO | $2.1m | $2.1m | $194.0k | $1.9m |
Radiant Capital | $1.7m | $861.5k | $255.8k | $605.8k |
Morpho | $1.5m | $0 | $0 | $0 |
Manifold.xyz | $1.5m | $0 | $0 | $0 |
LooksRare | $1.4m | $1.3m | $1.2m | $162.7k |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
QuickSwap | $1.2m | $153.0k | $143.6k | $9.4k |
Solana | $1.2m | $583.2k | $38.3m | -$37.7m |
Zora | $1.1m | $643.4k | $0 | $643.4k |
BendDAO | $1.1m | $316.8k | $818.9k | -$502.1k |
1inch | $996.3k | $996.3k | $49.8k | $946.5k |
Goldfinch | $918.7k | $98.3k | $970.0k | -$871.7k |
Perpetual Protocol | $902.8k | $180.6k | $358.3k | -$177.7k |
Tokenlon | $816.2k | $816.2k | $31.4k | $784.8k |
MUX | $793.9k | $547.9k | $18.4k | $529.4k |
X2Y2 | $764.4k | $707.5k | $780.8k | -$73.3k |
Liquity | $750.2k | $750.2k | $1.2m | -$433.3k |
Mummy Finance | $740.4k | $296.1k | $1.7m | -$1.4m |
Cap | $718.7k | $644.5k | $0 | $644.5k |
Stargate | $689.4k | $689.4k | $1.1m | -$400.3k |
Gamma Strategies | $681.7k | $94.7k | - | $94.7k |
Hop Protocol | $680.7k | $570.7k | $458.0k | $112.7k |
Avalanche | $676.9k | $676.9k | $21.2m | -$20.6m |
Hegic | $655.8k | $655.8k | $0 | $655.8k |
CoW Protocol | $638.0k | $638.0k | $0 | $638.0k |
Synapse | $630.6k | $630.6k | $657.2k | -$26.6k |
SpookySwap | $627.6k | $94.1k | $418.0k | -$323.8k |
Zyberswap | $618.6k | $125.8k | $2.3m | -$2.1m |
StakeWise | $594.6k | $59.5k | $569.3k | -$509.9k |
Sonne Finance | $575.0k | $78.5k | $678.4k | -$599.9k |
Ribbon Finance | $447.3k | $74.3k | $203.3k | -$129.0k |
Velodrome | $429.1k | $439.5k | $6.8m | -$6.3m |
SuperRare | $420.7k | $287.1k | $0 | $287.1k |
Abracadabra.money | $386.4k | $386.4k | $195.6k | $190.8k |
Premia | $372.5k | $20.3k | $103.4k | -$83.1k |
Equalizer Exchange | $359.9k | $363.8k | $1.5m | -$1.1m |
Across | $313.4k | $0 | $395.2k | -$395.2k |
Euler | $297.2k | $50.4k | $220.6k | -$170.2k |
Thena | $270.6k | $249.6k | $3.2m | -$3.0m |
Alchemix Finance | $253.1k | $253.1k | $887.3k | -$634.3k |
Metavault.Trade | $234.1k | $70.2k | $270.7k | -$200.5k |
DeFi Saver | $227.7k | $227.7k | $0 | $227.7k |
Bancor | $199.7k | $169.1k | $5.0k | $164.1k |
IPOR Protocol | $185.0k | $3.1k | $819.4k | -$816.3k |
BENQI | $184.8k | $35.8k | $240.9k | -$205.1k |
ApeSwap | $168.3k | $61.7k | $310.9k | -$249.2k |
Unipilot | $162.2k | $16.2k | $0 | $16.2k |
Voltz | $161.9k | $0 | $0 | $0 |
Origin Protocol | $144.7k | $42.9k | $21.0k | $21.9k |
Mycelium | $143.5k | $43.0k | $6.8k | $36.2k |
Sound.xyz | $134.0k | $6.7k | $0 | $6.7k |
SX | $123.8k | $123.8k | $81.2k | $42.6k |
BetSwirl | $120.2k | $120.2k | $0 | $120.2k |
SolidLizard | $112.1k | $104.0k | $2.9m | -$2.8m |
Foundation | $111.0k | $90.7k | $0 | $90.7k |
Decentral Games | $104.5k | $104.5k | $121.7k | -$17.1k |
Dogecoin | $101.1k | $0 | $30.0m | -$30.0m |
Sudoswap | $99.1k | $14.4k | $0 | $14.4k |
Idle Finance | $92.2k | $9.4k | $5.8k | $3.6k |
NFTX | $82.2k | $45.0 | $0 | $45.0 |
Instadapp | $77.4k | $77.4k | $0 | $77.4k |
Clipper | $66.2k | $28.8k | $0 | $28.8k |
Wombat Exchange | $64.1k | $64.1k | $288.9k | -$224.8k |
UniDex | $63.4k | $25.4k | $0 | $25.4k |
Index Cooperative | $62.9k | $62.9k | $95.9 | $62.8k |
Vesta Finance | $57.6k | $57.6k | $89.7k | -$32.2k |
MultiversX | $44.8k | $3.8k | $5.9m | -$5.9m |
DODO | $44.8k | $9.0k | $96.5k | -$87.5k |
Notional Finance | $35.0k | $31.6k | $217.1k | -$185.6k |
Litecoin | $32.8k | $0 | $18.4m | -$18.4m |
Lens Protocol | $31.2k | $0 | $0 | $0 |
Livepeer | $30.3k | $0 | $1.0m | -$1.0m |
The Graph | $29.7k | $3.6k | $3.5m | -$3.5m |
Zerion | $27.6k | $27.6k | $0 | $27.6k |
Deri Protocol | $23.1k | $18.5k | $12.5k | $6.0k |
Tokemak | $21.7k | $21.7k | $188.5k | -$166.8k |
PoolTogether | $16.8k | $0 | $180.8k | -$180.8k |
Reflexer | $15.0k | $15.0k | $34.4k | -$19.5k |
Allbridge Core | $14.7k | $2.9k | $0 | $2.9k |
Stellar | $13.0k | $13.0k | $0 | $13.0k |
Connext | $11.1k | $0 | $0 | $0 |
Verse | $10.9k | $1.8k | $234.8k | -$233.0k |
Thales | $10.5k | $10.5k | $210.4k | -$199.9k |
Internet Computer | $8.2k | $8.2k | $18.2m | -$18.2m |
Rarible | $7.9k | $7.9k | $961.1 | $6.9k |
Solv Protocol | $7.4k | $7.4k | $0 | $7.4k |
Integral | $6.9k | $6.9k | $5.4k | $1.5k |
Mean Finance | $4.5k | $1.1k | $0 | $1.1k |
Ren | $2.2k | $0 | $0 | $0 |
Mina Protocol | $2.1k | $0 | $7.7m | -$7.7m |
Kleros | $2.1k | $0 | $9.9k | -$9.9k |
Alongside | $2.0k | $2.0k | $0 | $2.0k |
Saddle Finance | $1.3k | $0 | $1.2m | -$1.2m |
Toucan Protocol | $828.4 | $828.4 | $0 | $828.4 |
Cryptex | $784.6 | $784.6 | $12.0k | -$11.2k |
Quix | $565.2 | $237.7 | $0 | $237.7 |
Zcash | $398.1 | $0 | $3.1m | -$3.1m |
Volmex | $106.3 | $106.3 | $0 | $106.3 |
ParagonsDAO | $18.1 | $18.1 | $0 | $18.1 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $353.4k | $0 |