Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $277.4m | $238.2m | $98.0m | $140.2m |
Tron | $88.3m | $88.3m | $61.6m | $26.6m |
Lido Finance | $51.8m | $5.2m | $1.1m | $4.0m |
Uniswap | $50.8m | $0 | $0 | $0 |
Bitcoin | $29.9m | $0 | $783.3m | -$783.3m |
BNB Chain | $19.9m | $2.0m | $0 | $2.0m |
GMX | $16.6m | $5.0m | $967.1k | $4.0m |
Convex Finance | $15.6m | $3.1m | $1.2m | $1.8m |
Arbitrum | $9.4m | $2.1m | $0 | $2.1m |
Level Finance | $8.5m | $4.7m | $8.7m | -$4.0m |
OpenSea | $8.5m | $3.2m | $0 | $3.2m |
Venus | $7.9m | $1.8m | $302.7k | $1.5m |
dYdX | $7.5m | $7.5m | $8.0m | -$513.3k |
Aave | $7.4m | $1.0m | $306.5k | $708.6k |
PancakeSwap | $7.3m | $2.3m | $17.0m | -$14.7m |
Blur | $6.9m | $0 | $0 | $0 |
Polygon | $5.4m | $3.9m | $17.5m | -$13.6m |
Flashbots | $5.0m | $0 | $0 | $0 |
Optimism | $4.9m | $1.2m | $27.9m | -$26.7m |
SushiSwap | $4.8m | $804.7k | $295.3k | $509.4k |
Filecoin | $4.2m | $3.9m | $34.3m | -$30.4m |
Synthetix | $3.7m | $3.7m | $3.4m | $319.3k |
Manifold.xyz | $3.5m | $46.3k | $0 | $46.3k |
Trader Joe | $3.1m | $71.2k | $76.3k | -$5.1k |
Radiant Capital | $2.4m | $1.2m | $183.6k | $1.0m |
Aura Finance | $2.4m | $631.6k | $3.0m | -$2.4m |
Avalanche | $2.1m | $2.1m | $54.5m | -$52.4m |
Lyra | $2.0m | $0 | $1.5k | -$1.5k |
MakerDAO | $1.9m | $1.9m | $220.7k | $1.6m |
Ethereum Name Service | $1.9m | $1.9m | $0 | $1.9m |
Gains Network | $1.8m | $1.5m | $0 | $1.5m |
Kwenta | $1.8m | $0 | $1.1m | -$1.1m |
Compound | $1.7m | $173.8k | $758.7k | -$584.9k |
Morpho | $1.7m | $0 | $0 | $0 |
MUX | $1.3m | $745.8k | $34.9k | $710.9k |
Stargate | $1.2m | $1.2m | $1.1m | $130.5k |
Solana | $1.2m | $599.1k | $49.8m | -$49.2m |
Goldfinch | $1.1m | $111.8k | $539.2k | -$427.4k |
Perpetual Protocol | $998.2k | $199.6k | $259.2k | -$59.5k |
LooksRare | $996.6k | $995.5k | $989.0k | $6.6k |
BendDAO | $899.5k | $269.9k | $800.7k | -$530.9k |
Zora | $855.0k | $308.8k | $0 | $308.8k |
QuickSwap | $816.0k | $99.5k | $141.0k | -$41.5k |
Tokenlon | $808.5k | $808.5k | $202.2k | $606.4k |
Hegic | $781.4k | $781.4k | $0 | $781.4k |
CoW Protocol | $774.8k | $774.8k | $0 | $774.8k |
Mummy Finance | $741.4k | $296.5k | $1.6m | -$1.3m |
StakeWise | $728.5k | $72.9k | $702.7k | -$629.8k |
Gamma Strategies | $659.0k | $94.2k | - | $94.2k |
Hop Protocol | $629.8k | $557.9k | $309.7k | $248.2k |
X2Y2 | $538.9k | $481.9k | $526.4k | -$44.6k |
Synapse | $453.5k | $453.5k | $506.4k | -$52.9k |
Sonne Finance | $438.6k | $60.1k | $390.7k | -$330.6k |
Abracadabra.money | $431.8k | $431.8k | $187.9k | $243.8k |
Premia | $392.4k | $19.3k | $146.2k | -$126.9k |
Ribbon Finance | $374.1k | $64.0k | $88.0k | -$24.0k |
Zyberswap | $330.6k | $40.1k | $493.8k | -$453.6k |
SuperRare | $327.6k | $210.4k | $0 | $210.4k |
Cap | $305.6k | $155.7k | $0 | $155.7k |
SpookySwap | $293.4k | $44.0k | $353.6k | -$309.6k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
DeFi Saver | $221.9k | $221.9k | $0 | $221.9k |
BENQI | $217.8k | $42.5k | $258.9k | -$216.4k |
Velodrome | $211.0k | $222.1k | $6.2m | -$5.9m |
Across | $193.8k | $0 | $166.5k | -$166.5k |
Azuro | $180.4k | $9.0k | $0 | $9.0k |
1inch | $177.0k | $177.0k | $18.0k | $159.0k |
Liquity | $175.5k | $175.5k | $701.1k | -$525.5k |
Equalizer Exchange | $170.0k | $43.5k | $239.8k | -$196.3k |
Sound.xyz | $150.1k | $7.8k | $0 | $7.8k |
Bancor | $148.5k | $126.1k | $21.6k | $104.4k |
Dogecoin | $143.9k | $0 | $34.3m | -$34.3m |
SX | $113.9k | $113.9k | $69.4k | $44.6k |
IPOR Protocol | $109.9k | $730.4 | $430.1k | -$429.3k |
Unipilot | $107.3k | $10.7k | $0 | $10.7k |
Thena | $105.0k | $51.7k | $1.6m | -$1.5m |
Mycelium | $100.4k | $30.1k | $6.1k | $24.0k |
Sudoswap | $97.4k | $11.2k | $0 | $11.2k |
Decentral Games | $93.1k | $93.1k | $103.7k | -$10.6k |
Origin Protocol | $91.7k | $9.2k | $76.0k | -$66.8k |
NFTX | $90.2k | $32.0 | $0 | $32.0 |
Metavault.Trade | $88.1k | $26.4k | $199.2k | -$172.8k |
Foundation | $81.8k | $68.2k | $0 | $68.2k |
ApeSwap | $79.4k | $27.1k | $296.7k | -$269.6k |
BetSwirl | $78.4k | $78.4k | $0 | $78.4k |
Index Cooperative | $67.0k | $67.0k | $0.9 | $67.0k |
Voltz | $59.0k | $0 | $0 | $0 |
UniDex | $45.1k | $18.1k | $0 | $18.1k |
Idle Finance | $38.8k | $4.0k | $4.8k | -$796.8 |
The Graph | $36.0k | $6.5k | $3.3m | -$3.3m |
MultiversX | $34.8k | $3.3k | $5.8m | -$5.8m |
Litecoin | $33.8k | $0 | $19.8m | -$19.8m |
Clipper | $33.7k | $13.3k | $0 | $13.3k |
Wombat Exchange | $29.0k | $14.5k | $799.8k | -$785.3k |
Instadapp | $28.5k | $28.5k | $0 | $28.5k |
Lens Protocol | $27.2k | $0 | $0 | $0 |
PoolTogether | $26.0k | $0 | $80.8k | -$80.8k |
Zerion | $25.1k | $25.1k | $0 | $25.1k |
Livepeer | $25.1k | $0 | $1.4m | -$1.4m |
DODO | $24.3k | $4.9k | $88.6k | -$83.7k |
SolidLizard | $21.6k | $25.0k | $618.7k | -$593.7k |
Tokemak | $20.9k | $20.9k | $108.6k | -$87.7k |
Verse | $19.1k | $3.2k | $364.6k | -$361.4k |
Internet Computer | $17.1k | $17.1k | $16.1m | -$16.0m |
Vesta Finance | $15.9k | $15.9k | $10.1k | $5.8k |
Stellar | $13.5k | $13.5k | $0 | $13.5k |
Integral | $10.5k | $10.5k | $0 | $10.5k |
Deri Protocol | $10.5k | $8.4k | $8.1k | $264.8 |
Tezos | $9.0k | $0 | $4.0m | -$4.0m |
Notional Finance | $8.1k | $7.7k | $146.9k | -$139.2k |
Thales | $7.8k | $7.8k | $209.6k | -$201.8k |
Connext | $7.4k | $0 | $0 | $0 |
Reflexer | $6.5k | $6.5k | $27.7k | -$21.2k |
Rarible | $5.3k | $5.3k | $335.1 | $5.0k |
Toucan Protocol | $4.5k | $4.5k | $0 | $4.5k |
DFX Finance | $4.3k | $2.2k | $63.8k | -$61.7k |
Mean Finance | $3.5k | $875.3 | $0 | $875.3 |
Solv Protocol | $2.3k | $2.3k | $0 | $2.3k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Kleros | $1.9k | $0 | $24.3k | -$24.3k |
Quix | $1.6k | $777.2 | $0 | $777.2 |
Mina Protocol | $1.2k | $0 | $7.2m | -$7.2m |
Saddle Finance | $490.4 | $0 | $1.0m | -$1.0m |
Zcash | $431.5 | $0 | $3.3m | -$3.3m |
Cryptex | $212.6 | $212.6 | $14.8k | -$14.6k |
Swarm | $208.6 | $0 | $2.6k | -$2.6k |
Ren | $64.8 | $0 | $0 | $0 |
Volmex | $45.5 | $45.5 | $0 | $45.5 |
0x | $0 | $0 | $0 | $0 |
Allbridge Core | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $9.6k | -$9.6k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $250.1k | -$250.1k |