Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $266.8m | $228.8m | $97.9m | $130.9m |
Tron | $87.8m | $87.8m | $61.1m | $26.7m |
Lido Finance | $51.0m | $5.1m | $1.1m | $4.0m |
Uniswap | $50.1m | $0 | $0 | $0 |
Bitcoin | $27.1m | $0 | $781.1m | -$781.1m |
BNB Chain | $20.1m | $2.0m | $0 | $2.0m |
GMX | $17.0m | $5.1m | $1.0m | $4.1m |
Convex Finance | $15.5m | $3.0m | $1.2m | $1.8m |
Arbitrum | $9.5m | $2.4m | $0 | $2.4m |
OpenSea | $8.8m | $3.2m | $0 | $3.2m |
Level Finance | $8.6m | $4.7m | $8.7m | -$4.0m |
Venus | $8.0m | $1.8m | $300.7k | $1.5m |
dYdX | $7.6m | $7.6m | $8.4m | -$842.5k |
Aave | $7.4m | $1.0m | $304.7k | $714.3k |
PancakeSwap | $7.3m | $2.3m | $17.5m | -$15.2m |
Blur | $7.1m | $0 | $0 | $0 |
Polygon | $5.3m | $3.8m | $17.6m | -$13.7m |
Flashbots | $4.8m | $0 | $0 | $0 |
Optimism | $4.6m | $1.1m | $27.9m | -$26.8m |
SushiSwap | $4.6m | $762.6k | $302.9k | $459.6k |
Filecoin | $4.3m | $4.0m | $34.5m | -$30.4m |
Synthetix | $3.8m | $3.8m | $3.2m | $516.6k |
Manifold.xyz | $3.5m | $48.1k | $0 | $48.1k |
Trader Joe | $3.2m | $68.6k | $79.6k | -$11.0k |
Radiant Capital | $2.4m | $1.2m | $184.0k | $1.0m |
Aura Finance | $2.3m | $620.9k | $3.0m | -$2.3m |
Avalanche | $2.1m | $2.1m | $50.9m | -$48.8m |
Lyra | $2.1m | $0 | $1.6k | -$1.6k |
Gains Network | $1.9m | $1.6m | $0 | $1.6m |
MakerDAO | $1.8m | $1.8m | $212.2k | $1.6m |
Kwenta | $1.8m | $0 | $1.1m | -$1.1m |
Compound | $1.7m | $173.3k | $809.7k | -$636.4k |
Morpho | $1.6m | $0 | $0 | $0 |
MUX | $1.4m | $774.2k | $35.3k | $739.0k |
Stargate | $1.2m | $1.2m | $1.1m | $99.5k |
Solana | $1.2m | $598.9k | $49.8m | -$49.2m |
Goldfinch | $1.1m | $111.8k | $536.8k | -$425.0k |
LooksRare | $1.0m | $1.0m | $954.2k | $55.5k |
Perpetual Protocol | $993.1k | $198.6k | $310.2k | -$111.6k |
Ethereum Name Service | $962.6k | $962.6k | $0 | $962.6k |
BendDAO | $910.5k | $273.1k | $761.7k | -$488.5k |
Zora | $865.0k | $310.7k | $0 | $310.7k |
QuickSwap | $813.4k | $99.4k | $137.2k | -$37.8k |
Tokenlon | $809.7k | $809.7k | $202.2k | $607.5k |
CoW Protocol | $737.7k | $737.7k | $0 | $737.7k |
Mummy Finance | $737.3k | $294.9k | $1.6m | -$1.3m |
Hegic | $732.1k | $732.1k | $0 | $732.1k |
StakeWise | $716.1k | $71.6k | $703.5k | -$631.9k |
Gamma Strategies | $658.2k | $94.1k | - | $94.1k |
Hop Protocol | $624.9k | $552.8k | $311.4k | $241.4k |
X2Y2 | $546.8k | $492.2k | $530.2k | -$38.0k |
Synapse | $458.9k | $458.9k | $496.9k | -$38.0k |
Sonne Finance | $441.4k | $60.5k | $398.2k | -$337.7k |
Abracadabra.money | $431.6k | $431.6k | $177.0k | $254.6k |
Premia | $387.1k | $19.1k | $145.7k | -$126.6k |
Ribbon Finance | $370.8k | $63.6k | $88.2k | -$24.6k |
Cap | $351.2k | $196.7k | $0 | $196.7k |
Zyberswap | $343.7k | $41.9k | $545.7k | -$503.8k |
SuperRare | $330.5k | $213.3k | $0 | $213.3k |
SpookySwap | $297.2k | $44.6k | $356.8k | -$312.2k |
Alchemix Finance | $289.7k | $289.7k | $1.5m | -$1.2m |
DeFi Saver | $221.2k | $221.2k | $0 | $221.2k |
BENQI | $217.9k | $42.5k | $263.2k | -$220.7k |
Velodrome | $214.4k | $222.1k | $6.2m | -$5.9m |
Across | $205.0k | $0 | $171.1k | -$171.1k |
Azuro | $185.1k | $9.3k | $0 | $9.3k |
Liquity | $174.2k | $174.2k | $715.0k | -$540.8k |
Equalizer Exchange | $173.5k | $43.5k | $274.2k | -$230.7k |
Bancor | $150.3k | $127.5k | $21.9k | $105.5k |
Sound.xyz | $148.1k | $7.7k | $0 | $7.7k |
Dogecoin | $147.6k | $0 | $34.3m | -$34.3m |
1inch | $119.1k | $119.1k | $19.8k | $99.3k |
SX | $113.7k | $113.7k | $69.4k | $44.3k |
Thena | $109.3k | $64.4k | $1.7m | -$1.6m |
Unipilot | $106.4k | $10.6k | $0 | $10.6k |
Mycelium | $104.9k | $31.5k | $4.2k | $27.3k |
IPOR Protocol | $104.2k | $749.7 | $465.2k | -$464.5k |
Sudoswap | $97.6k | $11.2k | $0 | $11.2k |
Decentral Games | $91.9k | $91.9k | $104.5k | -$12.5k |
Origin Protocol | $91.1k | $9.1k | $76.5k | -$67.3k |
Metavault.Trade | $91.0k | $27.3k | $208.6k | -$181.3k |
NFTX | $90.5k | $32.0 | $0 | $32.0 |
Foundation | $81.6k | $68.3k | $0 | $68.3k |
ApeSwap | $81.1k | $27.6k | $300.0k | -$272.4k |
BetSwirl | $74.6k | $74.6k | $0 | $74.6k |
Index Cooperative | $67.1k | $67.1k | $0.9 | $67.1k |
Voltz | $64.1k | $0 | $0 | $0 |
UniDex | $47.3k | $19.0k | $0 | $19.0k |
Idle Finance | $39.0k | $4.0k | $4.9k | -$942.6 |
The Graph | $36.1k | $7.5k | $3.3m | -$3.3m |
MultiversX | $34.9k | $3.3k | $5.8m | -$5.8m |
Clipper | $33.9k | $13.4k | $0 | $13.4k |
Litecoin | $33.7k | $0 | $19.9m | -$19.9m |
Instadapp | $29.4k | $29.4k | $0 | $29.4k |
Wombat Exchange | $28.4k | $14.2k | $785.2k | -$771.0k |
Lens Protocol | $27.8k | $0 | $0 | $0 |
PoolTogether | $26.4k | $0 | $90.0k | -$90.0k |
Livepeer | $25.2k | $0 | $1.4m | -$1.4m |
DODO | $25.1k | $5.0k | $88.6k | -$83.6k |
Zerion | $24.9k | $24.9k | $0 | $24.9k |
SolidLizard | $23.4k | $25.0k | $647.6k | -$622.6k |
Verse | $18.7k | $3.1k | $364.7k | -$361.6k |
Tokemak | $18.0k | $18.0k | $109.6k | -$91.6k |
Internet Computer | $17.6k | $17.6k | $16.0m | -$16.0m |
Vesta Finance | $16.0k | $16.0k | $10.1k | $5.9k |
Stellar | $13.3k | $13.3k | $0 | $13.3k |
Deri Protocol | $11.0k | $8.8k | $8.2k | $630.3 |
Integral | $10.5k | $10.5k | $0 | $10.5k |
Tezos | $9.0k | $0 | $3.8m | -$3.8m |
Notional Finance | $8.1k | $7.7k | $146.2k | -$138.5k |
Thales | $7.8k | $7.8k | $195.2k | -$187.4k |
Connext | $7.6k | $0 | $0 | $0 |
Reflexer | $6.9k | $6.9k | $27.7k | -$20.8k |
Rarible | $5.5k | $5.5k | $335.1 | $5.1k |
DFX Finance | $4.5k | $2.2k | $63.3k | -$61.1k |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Mean Finance | $3.5k | $881.3 | $0 | $881.3 |
Solv Protocol | $2.3k | $2.3k | $0 | $2.3k |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Kleros | $1.9k | $0 | $24.3k | -$24.3k |
Quix | $1.6k | $777.9 | $0 | $777.9 |
Mina Protocol | $1.3k | $0 | $7.2m | -$7.2m |
Saddle Finance | $492.7 | $0 | $1.0m | -$1.0m |
Zcash | $425.5 | $0 | $3.3m | -$3.3m |
Cryptex | $212.6 | $212.6 | $14.8k | -$14.6k |
Swarm | $205.6 | $0 | $2.9k | -$2.9k |
Ren | $201.9 | $0 | $0 | $0 |
Volmex | $39.7 | $39.7 | $0 | $39.7 |
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 | $253.9k | -$253.9k |