Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $162.3m | $137.7m | $90.3m | $47.3m |
Tron | $77.0m | $77.0m | $50.4m | $26.6m |
Uniswap | $56.6m | $0 | $14.8 | -$14.8 |
Lido Finance | $48.0m | $4.8m | $1.6m | $3.2m |
Bitcoin | $24.5m | $0 | $753.6m | -$753.6m |
BNB Chain | $20.1m | $2.0m | $0 | $2.0m |
GMX | $18.2m | $5.4m | $1.3m | $4.2m |
Convex Finance | $13.7m | $2.6m | $1.5m | $1.0m |
PancakeSwap | $9.1m | $2.9m | $21.1m | -$18.2m |
dYdX | $9.1m | $9.1m | $8.6m | $504.9k |
Aave | $9.1m | $1.3m | $277.3k | $981.0k |
Blur | $9.0m | $0 | $0 | $0 |
OpenSea | $8.8m | $1.1m | $0 | $1.1m |
Arbitrum | $7.0m | $3.2m | $0 | $3.2m |
Level Finance | $5.8m | $3.2m | $4.9m | -$1.7m |
Venus | $5.7m | $1.2m | $234.1k | $941.0k |
Flashbots | $5.5m | $34.1k | $0 | $34.1k |
Filecoin | $4.8m | $4.2m | $37.5m | -$33.2m |
Synthetix | $4.8m | $4.8m | $4.0m | $755.6k |
SushiSwap | $4.6m | $769.1k | $333.1k | $435.9k |
Curve | $4.5m | $2.3m | $15.2m | -$12.9m |
Trader Joe | $4.3m | $84.0k | $116.1k | -$32.1k |
Polygon | $3.5m | $1.9m | $18.1m | -$16.2m |
Lyra | $3.0m | $0 | $4.7k | -$4.7k |
Aura Finance | $2.7m | $728.3k | $3.1m | -$2.4m |
Gains Network | $2.6m | $2.2m | $0 | $2.2m |
Optimism | $2.6m | $568.5k | $6.5m | -$6.0m |
Kwenta | $2.4m | $0 | $1.1m | -$1.1m |
Compound | $2.0m | $197.6k | $1.1m | -$881.6k |
Radiant Capital | $1.7m | $871.2k | $233.7k | $637.5k |
MakerDAO | $1.5m | $1.5m | $189.7k | $1.3m |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
LooksRare | $1.2m | $1.2m | $1.1m | $26.1k |
Solana | $1.1m | $563.1k | $42.7m | -$42.1m |
Goldfinch | $1.1m | $112.2k | $212.5k | -$100.3k |
BendDAO | $1.1m | $319.8k | $708.9k | -$389.1k |
MUX | $1.0m | $664.1k | $20.4k | $643.8k |
Zora | $969.4k | $440.7k | $0 | $440.7k |
QuickSwap | $964.7k | $119.1k | $130.2k | -$11.2k |
Perpetual Protocol | $923.9k | $184.8k | $331.5k | -$146.7k |
Tokenlon | $835.0k | $835.0k | $31.4k | $803.5k |
Avalanche | $768.0k | $768.0k | $24.8m | -$24.0m |
Cap | $758.0k | $681.3k | $0 | $681.3k |
Mummy Finance | $752.4k | $301.0k | $1.8m | -$1.5m |
Hop Protocol | $725.8k | $617.4k | $398.2k | $219.1k |
X2Y2 | $721.2k | $660.9k | $731.6k | -$70.7k |
Stargate | $663.6k | $663.6k | $1.0m | -$339.9k |
Synapse | $594.4k | $594.4k | $570.3k | $24.1k |
StakeWise | $576.3k | $57.6k | $781.0k | -$723.4k |
Hegic | $574.3k | $574.3k | $0 | $574.3k |
Gamma Strategies | $559.1k | $78.4k | - | $78.4k |
Sonne Finance | $526.3k | $71.4k | $568.4k | -$497.0k |
Zyberswap | $525.6k | $84.7k | $1.8m | -$1.7m |
SpookySwap | $524.3k | $78.6k | $427.6k | -$349.0k |
SuperRare | $482.3k | $305.1k | $0 | $305.1k |
CoW Protocol | $469.8k | $469.8k | $0 | $469.8k |
1inch | $426.4k | $426.4k | $53.6k | $372.8k |
Ribbon Finance | $406.5k | $69.7k | $203.3k | -$133.6k |
Premia | $406.1k | $21.0k | $95.4k | -$74.4k |
Abracadabra.money | $389.8k | $389.8k | $209.5k | $180.3k |
Velodrome | $347.0k | $410.5k | $6.4m | -$6.0m |
Across | $317.6k | $0 | $322.6k | -$322.6k |
Equalizer Exchange | $300.5k | $342.3k | $1.3m | -$984.7k |
Alchemix Finance | $253.1k | $253.1k | $879.0k | -$626.0k |
Liquity | $251.7k | $251.7k | $1.1m | -$890.3k |
Bancor | $225.8k | $190.9k | $8.8k | $182.2k |
Thena | $211.6k | $204.2k | $2.7m | -$2.5m |
Azuro | $204.8k | $10.2k | $0 | $10.2k |
Metavault.Trade | $201.8k | $60.5k | $260.0k | -$199.5k |
BENQI | $192.4k | $37.3k | $270.5k | -$233.1k |
DeFi Saver | $181.1k | $181.1k | $0 | $181.1k |
Voltz | $165.2k | $0 | $0 | $0 |
Unipilot | $164.7k | $16.5k | $0 | $16.5k |
ApeSwap | $149.8k | $51.8k | $399.8k | -$348.0k |
Sound.xyz | $137.5k | $6.8k | $0 | $6.8k |
Mycelium | $134.5k | $40.4k | $7.8k | $32.6k |
BetSwirl | $116.4k | $116.4k | $0 | $116.4k |
SX | $113.6k | $113.6k | $76.5k | $37.1k |
Origin Protocol | $110.5k | $11.0k | $22.1k | -$11.1k |
NFTX | $109.7k | $45.0 | $0 | $45.0 |
Dogecoin | $104.7k | $0 | $31.6m | -$31.6m |
Decentral Games | $100.7k | $100.7k | $123.5k | -$22.8k |
Foundation | $99.6k | $85.4k | $0 | $85.4k |
Sudoswap | $99.3k | $14.6k | $0 | $14.6k |
IPOR Protocol | $94.3k | $3.0k | $690.9k | -$687.9k |
SolidLizard | $93.1k | $98.3k | $2.4m | -$2.3m |
Instadapp | $69.9k | $69.9k | $0 | $69.9k |
Euler | $62.8k | $7.7k | $128.4k | -$120.7k |
Idle Finance | $62.3k | $6.4k | $4.6k | $1.8k |
UniDex | $61.3k | $24.5k | $0 | $24.5k |
Index Cooperative | $51.1k | $51.1k | $96.9 | $51.1k |
Wombat Exchange | $46.7k | $46.7k | $288.3k | -$241.6k |
MultiversX | $43.6k | $3.7k | $5.9m | -$5.9m |
Swarm | $41.9k | $0 | $10.2k | -$10.2k |
DODO | $38.4k | $7.7k | $98.1k | -$90.4k |
Lens Protocol | $35.1k | $0 | $0 | $0 |
Litecoin | $33.3k | $0 | $18.9m | -$18.9m |
Notional Finance | $32.1k | $29.1k | $205.9k | -$176.8k |
Livepeer | $30.2k | $0 | $1.1m | -$1.1m |
The Graph | $29.2k | $3.3k | $3.6m | -$3.6m |
Zerion | $28.4k | $28.4k | $0 | $28.4k |
Deri Protocol | $24.1k | $19.3k | $11.9k | $7.3k |
Clipper | $21.3k | $7.5k | $0 | $7.5k |
Tokemak | $20.8k | $20.8k | $185.8k | -$165.0k |
Vesta Finance | $19.0k | $19.0k | $91.5k | -$72.5k |
PoolTogether | $17.4k | $0 | $200.2k | -$200.2k |
Reflexer | $15.3k | $15.3k | $46.6k | -$31.3k |
DFX Finance | $14.1k | $7.0k | $106.4k | -$99.3k |
Stellar | $13.9k | $13.9k | $0 | $13.9k |
Allbridge Core | $12.9k | $2.6k | $0 | $2.6k |
Verse | $11.9k | $2.0k | $281.9k | -$279.9k |
Connext | $9.4k | $0 | $0 | $0 |
Internet Computer | $9.2k | $9.2k | $17.4m | -$17.4m |
Thales | $9.1k | $9.1k | $217.8k | -$208.7k |
Rarible | $7.5k | $7.5k | $372.1 | $7.1k |
Integral | $7.5k | $7.5k | $5.4k | $2.1k |
Solv Protocol | $6.6k | $6.6k | $0 | $6.6k |
Mean Finance | $4.2k | $1.0k | $0 | $1.0k |
Ren | $2.1k | $0 | $0 | $0 |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Kleros | $2.0k | $0 | $15.0k | -$15.0k |
Mina Protocol | $1.6k | $0 | $7.7m | -$7.7m |
Toucan Protocol | $891.1 | $891.1 | $0 | $891.1 |
Cryptex | $784.6 | $784.6 | $14.7k | -$14.0k |
Quix | $682.4 | $327.7 | $0 | $327.7 |
Saddle Finance | $622.8 | $0 | $1.1m | -$1.1m |
Zcash | $375.6 | $0 | $3.1m | -$3.1m |
Volmex | $105.6 | $105.6 | $0 | $105.6 |
ParagonsDAO | $2.3 | $2.3 | $0 | $2.3 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $318.8k | $0 |