Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $288.5m | $247.6m | $98.1m | $149.6m |
Tron | $88.7m | $88.7m | $62.2m | $26.6m |
Lido Finance | $52.4m | $5.2m | $1.7m | $3.6m |
Uniswap | $51.7m | $0 | $0 | $0 |
Bitcoin | $32.2m | $0 | $781.3m | -$781.3m |
BNB Chain | $19.8m | $2.0m | $0 | $2.0m |
GMX | $16.2m | $4.9m | $955.8k | $3.9m |
Convex Finance | $15.7m | $3.2m | $1.2m | $1.9m |
Arbitrum | $9.6m | $2.1m | $0 | $2.1m |
Level Finance | $8.4m | $4.6m | $8.6m | -$4.0m |
OpenSea | $8.2m | $3.2m | $0 | $3.2m |
Venus | $7.9m | $1.8m | $306.0k | $1.5m |
Aave | $7.4m | $1.0m | $315.3k | $708.1k |
dYdX | $7.3m | $7.3m | $8.0m | -$646.3k |
PancakeSwap | $7.2m | $2.3m | $16.6m | -$14.2m |
Blur | $6.7m | $0 | $0 | $0 |
Polygon | $5.4m | $4.0m | $17.5m | -$13.5m |
Flashbots | $5.3m | $0 | $0 | $0 |
Optimism | $5.0m | $1.2m | $27.9m | -$26.7m |
SushiSwap | $4.9m | $815.1k | $296.2k | $519.0k |
Filecoin | $4.1m | $3.8m | $33.1m | -$29.2m |
Synthetix | $3.7m | $3.7m | $3.7m | -$20.1k |
Manifold.xyz | $3.4m | $44.0k | $0 | $44.0k |
Trader Joe | $3.0m | $72.2k | $74.3k | -$2.1k |
Radiant Capital | $2.4m | $1.2m | $183.5k | $1.0m |
Aura Finance | $2.4m | $643.5k | $3.0m | -$2.3m |
Avalanche | $2.2m | $2.2m | $61.2m | -$59.1m |
Lyra | $2.0m | $0 | $1.5k | -$1.5k |
MakerDAO | $1.8m | $1.8m | $229.1k | $1.6m |
Gains Network | $1.8m | $1.4m | $0 | $1.4m |
Ethereum Name Service | $1.8m | $1.8m | $0 | $1.8m |
Kwenta | $1.8m | $0 | $1.3m | -$1.3m |
Morpho | $1.7m | $0 | $0 | $0 |
Compound | $1.7m | $174.1k | $734.0k | -$559.9k |
MUX | $1.3m | $747.3k | $44.0k | $703.3k |
Stargate | $1.2m | $1.2m | $1.1m | $196.6k |
Solana | $1.2m | $601.3k | $49.8m | -$49.2m |
Goldfinch | $1.1m | $111.8k | $523.0k | -$411.2k |
Perpetual Protocol | $994.1k | $198.8k | $249.7k | -$50.9k |
LooksRare | $980.9k | $980.1k | $969.3k | $10.9k |
BendDAO | $885.3k | $265.6k | $794.6k | -$529.0k |
Zora | $853.6k | $308.8k | $0 | $308.8k |
CoW Protocol | $811.1k | $811.1k | $0 | $811.1k |
QuickSwap | $808.4k | $98.5k | $140.8k | -$42.3k |
Tokenlon | $800.8k | $800.8k | $202.1k | $598.7k |
Hegic | $748.4k | $748.4k | $0 | $748.4k |
StakeWise | $744.1k | $74.4k | $706.4k | -$632.0k |
Mummy Finance | $736.6k | $294.7k | $1.6m | -$1.3m |
Gamma Strategies | $657.1k | $94.0k | - | $94.0k |
Hop Protocol | $641.0k | $568.8k | $329.4k | $239.4k |
X2Y2 | $533.6k | $477.3k | $516.0k | -$38.7k |
Synapse | $447.2k | $447.2k | $499.1k | -$51.9k |
Abracadabra.money | $437.2k | $437.2k | $198.3k | $238.9k |
Sonne Finance | $435.9k | $59.7k | $385.4k | -$325.7k |
Premia | $387.5k | $19.1k | $149.4k | -$130.2k |
Ribbon Finance | $374.1k | $64.0k | $91.0k | -$27.1k |
Zyberswap | $323.2k | $39.1k | $467.7k | -$428.6k |
SuperRare | $318.2k | $201.2k | $0 | $201.2k |
SpookySwap | $290.9k | $43.6k | $350.3k | -$306.7k |
Cap | $290.4k | $142.0k | $0 | $142.0k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
DeFi Saver | $225.0k | $225.0k | $0 | $225.0k |
BENQI | $217.5k | $42.5k | $251.0k | -$208.5k |
Velodrome | $213.2k | $254.2k | $6.2m | -$6.0m |
Across | $183.3k | $0 | $175.3k | -$175.3k |
Liquity | $181.9k | $181.9k | $705.4k | -$523.6k |
1inch | $176.1k | $176.1k | $18.0k | $158.0k |
Azuro | $171.2k | $8.6k | $0 | $8.6k |
Equalizer Exchange | $167.6k | $43.5k | $176.4k | -$132.9k |
Sound.xyz | $147.0k | $7.7k | $0 | $7.7k |
Bancor | $144.6k | $122.9k | $19.8k | $103.1k |
Dogecoin | $140.2k | $0 | $34.1m | -$34.1m |
IPOR Protocol | $113.3k | $730.4 | $407.8k | -$407.1k |
SX | $112.6k | $112.6k | $69.4k | $43.2k |
Unipilot | $106.1k | $10.6k | $0 | $10.6k |
Thena | $103.9k | $51.3k | $1.5m | -$1.5m |
Mycelium | $98.5k | $29.6k | $6.1k | $23.5k |
Sudoswap | $94.5k | $10.5k | $0 | $10.5k |
Decentral Games | $93.4k | $93.4k | $103.2k | -$9.9k |
Origin Protocol | $92.3k | $9.2k | $77.2k | -$68.0k |
Metavault.Trade | $85.1k | $25.5k | $195.6k | -$170.0k |
Foundation | $84.0k | $69.6k | $0 | $69.6k |
ApeSwap | $78.4k | $26.6k | $192.4k | -$165.8k |
BetSwirl | $77.8k | $77.8k | $0 | $77.8k |
NFTX | $70.1k | $32.0 | $0 | $32.0 |
Index Cooperative | $66.8k | $66.8k | $0.9 | $66.8k |
Voltz | $54.7k | $0 | $0 | $0 |
UniDex | $42.4k | $17.0k | $0 | $17.0k |
The Graph | $38.4k | $7.7k | $3.3m | -$3.3m |
MultiversX | $35.0k | $3.3k | $5.8m | -$5.8m |
Litecoin | $34.2k | $0 | $19.8m | -$19.8m |
Clipper | $33.7k | $13.3k | $0 | $13.3k |
Wombat Exchange | $30.2k | $15.1k | $802.0k | -$786.9k |
Instadapp | $29.0k | $29.0k | $0 | $29.0k |
Idle Finance | $28.5k | $2.9k | $4.9k | -$1.9k |
Zerion | $26.2k | $26.2k | $0 | $26.2k |
Lens Protocol | $26.2k | $0 | $0 | $0 |
PoolTogether | $25.2k | $0 | $59.2k | -$59.2k |
Livepeer | $25.0k | $0 | $1.4m | -$1.4m |
DODO | $23.9k | $4.8k | $82.0k | -$77.3k |
SolidLizard | $20.9k | $27.8k | $568.1k | -$540.3k |
Tokemak | $20.9k | $20.9k | $116.2k | -$95.3k |
Verse | $18.9k | $3.2k | $370.4k | -$367.3k |
Internet Computer | $16.8k | $16.8k | $16.2m | -$16.2m |
Vesta Finance | $15.7k | $15.7k | $10.5k | $5.2k |
Stellar | $13.4k | $13.4k | $0 | $13.4k |
Deri Protocol | $10.6k | $8.5k | $8.2k | $274.9 |
Integral | $10.3k | $10.3k | $0 | $10.3k |
Tezos | $9.0k | $0 | $3.8m | -$3.8m |
Notional Finance | $8.2k | $7.8k | $149.9k | -$142.1k |
Connext | $8.1k | $0 | $0 | $0 |
Thales | $8.0k | $8.0k | $217.7k | -$209.7k |
Reflexer | $6.1k | $6.1k | $26.0k | -$19.9k |
Rarible | $5.7k | $5.7k | $484.1 | $5.2k |
Toucan Protocol | $4.7k | $4.7k | $0 | $4.7k |
DFX Finance | $4.1k | $2.1k | $62.2k | -$60.2k |
Mean Finance | $3.6k | $893.2 | $0 | $893.2 |
Solv Protocol | $2.3k | $2.3k | $0 | $2.3k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Kleros | $1.9k | $0 | $24.6k | -$24.6k |
Quix | $1.7k | $805.5 | $0 | $805.5 |
Mina Protocol | $1.2k | $0 | $7.2m | -$7.2m |
Saddle Finance | $467.5 | $0 | $1.1m | -$1.1m |
Zcash | $444.4 | $0 | $3.3m | -$3.3m |
Cryptex | $212.6 | $212.6 | $14.8k | -$14.6k |
Swarm | $209.4 | $0 | $2.2k | -$2.2k |
Ren | $52.9 | $0 | $0 | $0 |
Volmex | $46.0 | $46.0 | $0 | $46.0 |
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 | $250.4k | -$250.4k |