Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $162.9m | $139.5m | $92.0m | $47.5m |
Tron | $79.2m | $79.2m | $52.1m | $27.1m |
Uniswap | $50.5m | $0 | $14.8 | -$14.8 |
Lido Finance | $45.9m | $4.6m | $1.6m | $3.0m |
Bitcoin | $24.8m | $0 | $774.5m | -$774.5m |
BNB Chain | $20.4m | $2.0m | $0 | $2.0m |
GMX | $17.6m | $5.3m | $1.3m | $4.0m |
Convex Finance | $13.8m | $2.6m | $1.5m | $1.1m |
Blur | $9.1m | $0 | $0 | $0 |
OpenSea | $9.1m | $1.4m | $0 | $1.4m |
PancakeSwap | $8.6m | $2.7m | $21.0m | -$18.3m |
dYdX | $8.4m | $8.4m | $8.5m | -$88.3k |
Arbitrum | $7.3m | $3.2m | $0 | $3.2m |
Aave | $7.3m | $1.1m | $275.4k | $843.0k |
Level Finance | $6.3m | $3.5m | $5.3m | -$1.8m |
Venus | $5.5m | $1.2m | $282.1k | $877.0k |
Flashbots | $5.2m | $34.3k | $0 | $34.3k |
Filecoin | $5.2m | $4.6m | $38.2m | -$33.5m |
Manifold.xyz | $4.6m | $94.4k | $0 | $94.4k |
SushiSwap | $4.4m | $741.3k | $323.6k | $417.7k |
Trader Joe | $4.3m | $81.0k | $118.8k | -$37.8k |
Synthetix | $4.2m | $4.2m | $3.7m | $475.3k |
Polygon | $3.5m | $1.9m | $18.1m | -$16.2m |
Curve | $2.8m | $1.4m | $15.6m | -$14.2m |
Optimism | $2.7m | $625.2k | $29.0m | -$28.4m |
Aura Finance | $2.7m | $746.5k | $3.3m | -$2.5m |
Lyra | $2.3m | $0 | $5.6k | -$5.6k |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
Kwenta | $2.1m | $0 | $1.3m | -$1.3m |
Compound | $1.8m | $181.0k | $1.1m | -$950.1k |
Radiant Capital | $1.7m | $863.1k | $218.8k | $644.3k |
MakerDAO | $1.4m | $1.4m | $193.6k | $1.3m |
Morpho | $1.3m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
Solana | $1.1m | $560.2k | $43.1m | -$42.6m |
Goldfinch | $1.1m | $112.2k | $269.5k | -$157.3k |
MUX | $1.1m | $690.8k | $29.3k | $661.4k |
BendDAO | $1.1m | $320.9k | $706.9k | -$386.1k |
LooksRare | $1.0m | $1.0m | $1.1m | -$43.8k |
Zora | $948.4k | $430.7k | $0 | $430.7k |
Perpetual Protocol | $917.4k | $183.5k | $282.0k | -$98.5k |
QuickSwap | $854.9k | $105.5k | $118.2k | -$12.7k |
Avalanche | $854.2k | $854.2k | $24.7m | -$23.8m |
Tokenlon | $808.8k | $808.8k | $30.1k | $778.7k |
Stargate | $769.3k | $769.3k | $1.0m | -$243.6k |
Cap | $761.1k | $667.4k | $0 | $667.4k |
Mummy Finance | $753.7k | $301.5k | $1.9m | -$1.6m |
Hop Protocol | $744.6k | $638.7k | $403.0k | $235.7k |
X2Y2 | $706.2k | $641.0k | $685.2k | -$44.2k |
Hegic | $687.8k | $687.8k | $0 | $687.8k |
Synapse | $590.4k | $590.4k | $558.2k | $32.2k |
StakeWise | $571.6k | $57.2k | $781.5k | -$724.3k |
Sonne Finance | $514.3k | $70.2k | $535.5k | -$465.3k |
Zyberswap | $500.9k | $72.0k | $1.7m | -$1.7m |
SpookySwap | $472.5k | $70.9k | $428.3k | -$357.5k |
SuperRare | $458.2k | $290.4k | $0 | $290.4k |
Gamma Strategies | $455.7k | $64.9k | - | $64.9k |
CoW Protocol | $441.3k | $441.3k | $0 | $441.3k |
Ribbon Finance | $406.5k | $69.7k | $203.3k | -$133.6k |
Abracadabra.money | $405.5k | $405.5k | $229.8k | $175.7k |
Premia | $380.3k | $20.2k | $116.8k | -$96.7k |
1inch | $379.8k | $379.8k | $52.7k | $327.1k |
Across | $327.0k | $0 | $67.4k | -$67.4k |
Velodrome | $293.1k | $443.5k | $6.4m | -$6.0m |
Equalizer Exchange | $285.0k | $274.5k | $1.2m | -$893.1k |
Alchemix Finance | $253.0k | $253.0k | $914.4k | -$661.3k |
Bancor | $222.4k | $187.7k | $8.3k | $179.4k |
Azuro | $205.8k | $10.3k | $0 | $10.3k |
BENQI | $194.2k | $37.7k | $261.9k | -$224.3k |
Unipilot | $190.1k | $19.0k | $0 | $19.0k |
Liquity | $187.4k | $187.4k | $700.6k | -$513.2k |
Thena | $177.3k | $169.4k | $2.6m | -$2.4m |
Metavault.Trade | $159.4k | $47.8k | $252.7k | -$204.8k |
DeFi Saver | $153.1k | $153.1k | $0 | $153.1k |
Voltz | $149.4k | $0 | $0 | $0 |
Sound.xyz | $149.1k | $7.4k | $0 | $7.4k |
ApeSwap | $137.9k | $45.8k | $395.4k | -$349.6k |
Dogecoin | $130.3k | $0 | $32.1m | -$32.1m |
Mycelium | $120.0k | $36.0k | $8.1k | $27.9k |
SX | $110.6k | $110.6k | $74.6k | $36.0k |
NFTX | $108.5k | $37.4 | $0 | $37.4 |
BetSwirl | $108.2k | $108.2k | $0 | $108.2k |
Sudoswap | $100.4k | $15.0k | $0 | $15.0k |
Foundation | $98.2k | $84.5k | $0 | $84.5k |
Decentral Games | $97.2k | $97.2k | $106.8k | -$9.6k |
Origin Protocol | $88.2k | $8.8k | $22.8k | -$13.9k |
SolidLizard | $81.6k | $102.5k | $2.3m | -$2.2m |
IPOR Protocol | $75.6k | $2.9k | $635.4k | -$632.5k |
Idle Finance | $63.2k | $6.5k | $4.6k | $1.9k |
Instadapp | $57.1k | $57.1k | $0 | $57.1k |
UniDex | $50.9k | $20.4k | $0 | $20.4k |
Index Cooperative | $46.2k | $46.2k | $84.9 | $46.2k |
Wombat Exchange | $43.5k | $21.8k | $465.8k | -$444.0k |
MultiversX | $42.8k | $3.7k | $5.9m | -$5.9m |
Swarm | $37.9k | $0 | $9.6k | -$9.6k |
DODO | $37.2k | $7.4k | $101.3k | -$93.8k |
Lens Protocol | $35.1k | $0 | $0 | $0 |
Litecoin | $33.7k | $0 | $19.2m | -$19.2m |
Notional Finance | $30.4k | $27.5k | $185.9k | -$158.4k |
Zerion | $29.7k | $29.7k | $0 | $29.7k |
Livepeer | $29.6k | $0 | $733.3k | -$733.3k |
The Graph | $29.4k | $5.0k | $3.6m | -$3.6m |
Tokemak | $25.7k | $25.7k | $185.3k | -$159.6k |
Clipper | $25.4k | $9.0k | $0 | $9.0k |
Deri Protocol | $24.4k | $19.6k | $11.3k | $8.3k |
Vesta Finance | $14.9k | $14.9k | $16.2k | -$1.4k |
Reflexer | $14.2k | $14.2k | $41.3k | -$27.1k |
Stellar | $13.8k | $13.8k | $0 | $13.8k |
PoolTogether | $13.8k | $0 | $191.1k | -$191.1k |
Verse | $13.2k | $2.2k | $295.8k | -$293.6k |
Allbridge Core | $12.1k | $2.4k | $0 | $2.4k |
DFX Finance | $11.3k | $5.7k | $96.2k | -$90.5k |
Internet Computer | $9.6k | $9.6k | $16.4m | -$16.4m |
Connext | $8.8k | $0 | $0 | $0 |
Thales | $8.7k | $8.7k | $243.3k | -$234.5k |
Integral | $8.6k | $8.6k | $5.4k | $3.2k |
Rarible | $7.5k | $7.5k | $373.8 | $7.2k |
Solv Protocol | $4.9k | $4.9k | $0 | $4.9k |
Mean Finance | $4.2k | $1.0k | $0 | $1.0k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Ren | $2.1k | $0 | $0 | $0 |
Kleros | $2.0k | $0 | $16.9k | -$16.9k |
Mina Protocol | $1.5k | $0 | $7.8m | -$7.8m |
Toucan Protocol | $1.4k | $1.4k | $0 | $1.4k |
Quix | $799.3 | $364.9 | $0 | $364.9 |
Saddle Finance | $533.4 | $0 | $1.1m | -$1.1m |
Cryptex | $529.7 | $529.7 | $10.9k | -$10.4k |
Zcash | $377.6 | $0 | $3.2m | -$3.2m |
Volmex | $94.8 | $94.8 | $0 | $94.8 |
ParagonsDAO | $0.1 | $0.1 | $0 | $0.1 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $26.2k | -$26.2k |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $296.2k | $0 |