Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $224.0m | $192.6m | $96.6m | $96.0m |
Tron | $83.6m | $83.6m | $56.6m | $27.0m |
Lido Finance | $48.3m | $4.8m | $1.6m | $3.2m |
Uniswap | $47.2m | $0 | $14.8 | -$14.8 |
Bitcoin | $21.0m | $0 | $780.6m | -$780.6m |
BNB Chain | $19.7m | $2.0m | $0 | $2.0m |
GMX | $17.7m | $5.3m | $1.2m | $4.1m |
Convex Finance | $15.7m | $3.0m | $1.4m | $1.6m |
OpenSea | $9.4m | $2.6m | $0 | $2.6m |
Arbitrum | $8.5m | $2.4m | $0 | $2.4m |
Blur | $8.3m | $0 | $0 | $0 |
Level Finance | $8.0m | $4.4m | $6.5m | -$2.1m |
PancakeSwap | $7.5m | $2.4m | $20.3m | -$17.9m |
Aave | $7.2m | $1.0m | $312.6k | $725.0k |
dYdX | $7.2m | $7.2m | $12.2m | -$5.0m |
Filecoin | $5.2m | $4.7m | $36.3m | -$31.7m |
Flashbots | $4.5m | $40.1k | $0 | $40.1k |
Synthetix | $4.4m | $4.4m | $3.4m | $907.4k |
SushiSwap | $4.3m | $715.4k | $305.0k | $410.4k |
Polygon | $4.3m | $2.8m | $17.9m | -$15.0m |
Manifold.xyz | $4.2m | $75.7k | $0 | $75.7k |
Trader Joe | $4.2m | $62.2k | $115.4k | -$53.2k |
Optimism | $4.1m | $1.0m | $26.9m | -$25.9m |
Venus | $3.2m | $582.7k | $291.7k | $291.0k |
Aura Finance | $2.6m | $714.2k | $3.3m | -$2.5m |
Gains Network | $2.1m | $1.7m | $0 | $1.7m |
Lyra | $2.1m | $0 | $4.1k | -$4.1k |
Radiant Capital | $2.1m | $1.0m | $209.9k | $837.2k |
Compound | $1.7m | $178.7k | $865.6k | -$686.8k |
MakerDAO | $1.7m | $1.7m | $175.0k | $1.5m |
Avalanche | $1.6m | $1.6m | $26.0m | -$24.4m |
Morpho | $1.5m | $0 | $0 | $0 |
MUX | $1.4m | $819.2k | $28.6k | $790.6k |
Ethereum Name Service | $1.2m | $1.2m | $0 | $1.2m |
Solana | $1.2m | $584.6k | $52.8m | -$52.2m |
LooksRare | $1.1m | $1.1m | $975.5k | $160.1k |
Goldfinch | $1.1m | $111.3k | $467.7k | -$356.4k |
Stargate | $1.1m | $1.1m | $1.0m | $15.3k |
BendDAO | $1.0m | $303.0k | $796.5k | -$493.4k |
Perpetual Protocol | $938.8k | $187.8k | $326.8k | -$139.0k |
Kwenta | $899.9k | $0 | $1.1m | -$1.1m |
Tokenlon | $800.1k | $800.1k | $161.5k | $638.6k |
Zora | $792.1k | $243.1k | $0 | $243.1k |
Hop Protocol | $791.8k | $699.2k | $332.2k | $367.0k |
QuickSwap | $726.7k | $90.0k | $143.5k | -$53.6k |
Hegic | $696.0k | $696.0k | $0 | $696.0k |
Mummy Finance | $668.5k | $267.4k | $1.7m | -$1.5m |
Cap | $668.3k | $482.9k | $0 | $482.9k |
StakeWise | $654.5k | $65.5k | $771.1k | -$705.6k |
X2Y2 | $620.2k | $573.6k | $604.5k | -$31.0k |
CoW Protocol | $602.5k | $602.5k | $0 | $602.5k |
Gamma Strategies | $597.9k | $85.3k | - | $85.3k |
Synapse | $508.5k | $508.5k | $532.6k | -$24.1k |
Sonne Finance | $471.5k | $64.6k | $474.4k | -$409.8k |
Premia | $429.9k | $21.2k | $152.8k | -$131.6k |
Abracadabra.money | $418.8k | $418.8k | $204.9k | $213.9k |
Zyberswap | $392.3k | $47.3k | $935.4k | -$888.1k |
Ribbon Finance | $345.7k | $62.5k | $203.3k | -$140.8k |
1inch | $335.3k | $335.3k | $46.5k | $288.8k |
SpookySwap | $332.5k | $49.9k | $388.1k | -$338.2k |
Across | $303.7k | $0 | $124.8k | -$124.8k |
Alchemix Finance | $303.4k | $303.4k | $1.4m | -$1.1m |
SuperRare | $301.5k | $224.2k | $0 | $224.2k |
Azuro | $228.4k | $11.4k | $0 | $11.4k |
Velodrome | $224.9k | $219.1k | $6.3m | -$6.1m |
BENQI | $211.8k | $41.3k | $268.4k | -$227.1k |
Equalizer Exchange | $196.3k | $106.4k | $633.6k | -$527.3k |
DeFi Saver | $182.7k | $182.7k | $0 | $182.7k |
Liquity | $168.8k | $168.8k | $749.1k | -$580.3k |
Dogecoin | $160.1k | $0 | $33.9m | -$33.9m |
Bancor | $159.7k | $135.1k | $9.2k | $125.9k |
Sound.xyz | $153.7k | $8.0k | $0 | $8.0k |
Mycelium | $130.7k | $39.2k | $5.6k | $33.6k |
Thena | $128.2k | $89.8k | $2.2m | -$2.1m |
Voltz | $123.3k | $0 | $0 | $0 |
Unipilot | $107.5k | $10.8k | $0 | $10.8k |
Decentral Games | $98.1k | $98.1k | $119.9k | -$21.8k |
SX | $98.0k | $98.0k | $70.1k | $27.9k |
Metavault.Trade | $95.4k | $28.6k | $198.2k | -$169.5k |
NFTX | $91.0k | $32.0 | $0 | $32.0 |
ApeSwap | $91.0k | $30.3k | $324.2k | -$294.0k |
Sudoswap | $86.7k | $12.7k | $0 | $12.7k |
Foundation | $86.2k | $73.5k | $0 | $73.5k |
Origin Protocol | $85.9k | $8.6k | $17.9k | -$9.3k |
IPOR Protocol | $85.2k | $1.1k | $480.6k | -$479.4k |
BetSwirl | $83.0k | $83.0k | $0 | $83.0k |
Index Cooperative | $66.7k | $66.7k | $84.9 | $66.6k |
Idle Finance | $49.8k | $5.1k | $3.5k | $1.6k |
UniDex | $47.8k | $19.2k | $0 | $19.2k |
Lens Protocol | $40.2k | $0 | $0 | $0 |
MultiversX | $35.6k | $3.3k | $5.8m | -$5.8m |
Litecoin | $34.0k | $0 | $19.9m | -$19.9m |
Clipper | $33.3k | $13.0k | $0 | $13.0k |
SolidLizard | $32.0k | $38.2k | $1.1m | -$1.1m |
The Graph | $31.8k | $6.8k | $3.7m | -$3.7m |
Wombat Exchange | $30.4k | $15.2k | $667.0k | -$651.8k |
Zerion | $30.0k | $30.0k | $0 | $30.0k |
DODO | $29.7k | $5.9k | $87.7k | -$81.8k |
Instadapp | $29.2k | $29.2k | $0 | $29.2k |
Livepeer | $26.6k | $0 | $1.1m | -$1.1m |
PoolTogether | $24.9k | $0 | $139.2k | -$139.2k |
Tokemak | $19.5k | $19.5k | $106.9k | -$87.4k |
Verse | $17.3k | $2.9k | $358.0k | -$355.1k |
Vesta Finance | $16.0k | $16.0k | $10.2k | $5.8k |
Notional Finance | $13.1k | $12.4k | $174.7k | -$162.3k |
Deri Protocol | $13.0k | $10.4k | $11.5k | -$1.2k |
Stellar | $12.8k | $12.8k | $0 | $12.8k |
Reflexer | $10.0k | $10.0k | $27.0k | -$17.0k |
Integral | $9.9k | $9.9k | $310.8 | $9.6k |
Internet Computer | $8.9k | $8.9k | $15.9m | -$15.9m |
Tezos | $8.5k | $0 | $4.1m | -$4.1m |
Thales | $8.4k | $8.4k | $216.1k | -$207.6k |
Connext | $7.6k | $0 | $0 | $0 |
Rarible | $6.9k | $6.9k | $260.1 | $6.6k |
DFX Finance | $5.7k | $2.9k | $77.7k | -$74.9k |
Solv Protocol | $5.1k | $5.1k | $0 | $5.1k |
Allbridge Core | $4.5k | $891.1 | $0 | $891.1 |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Mean Finance | $3.7k | $920.5 | $0 | $920.5 |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Kleros | $2.1k | $0 | $12.3k | -$12.3k |
Quix | $1.6k | $751.8 | $0 | $751.8 |
Mina Protocol | $1.4k | $0 | $7.5m | -$7.5m |
Swarm | $1.3k | $0 | $5.6k | -$5.6k |
Ren | $881.2 | $0 | $0 | $0 |
Saddle Finance | $450.9 | $0 | $1.3m | -$1.3m |
Zcash | $405.1 | $0 | $3.3m | -$3.3m |
Cryptex | $185.9 | $185.9 | $12.7k | -$12.5k |
Volmex | $38.4 | $38.4 | $0 | $38.4 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $7.5k | -$7.5k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $268.6k | -$268.6k |