Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $162.1m | $138.4m | $91.6m | $46.8m |
Tron | $78.8m | $78.8m | $51.8m | $27.1m |
Uniswap | $52.0m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.2m | $4.6m | $1.6m | $3.0m |
Bitcoin | $25.1m | $0 | $770.1m | -$770.1m |
BNB Chain | $20.3m | $2.0m | $0 | $2.0m |
GMX | $17.6m | $5.3m | $1.3m | $4.0m |
Convex Finance | $13.7m | $2.6m | $1.5m | $1.1m |
Blur | $9.1m | $0 | $0 | $0 |
OpenSea | $9.0m | $1.3m | $0 | $1.3m |
PancakeSwap | $8.8m | $2.8m | $21.1m | -$18.3m |
dYdX | $8.7m | $8.7m | $8.5m | $229.5k |
Aave | $7.4m | $1.1m | $273.7k | $860.4k |
Arbitrum | $7.2m | $3.2m | $0 | $3.2m |
Level Finance | $6.1m | $3.3m | $5.2m | -$1.8m |
Venus | $5.6m | $1.2m | $238.4k | $922.8k |
Flashbots | $5.2m | $33.3k | $0 | $33.3k |
Filecoin | $5.2m | $4.7m | $39.7m | -$35.0m |
SushiSwap | $4.6m | $763.6k | $323.6k | $440.0k |
Manifold.xyz | $4.4m | $94.0k | $0 | $94.0k |
Synthetix | $4.3m | $4.3m | $3.5m | $769.0k |
Trader Joe | $4.2m | $81.9k | $119.3k | -$37.4k |
Polygon | $3.5m | $1.9m | $18.1m | -$16.2m |
Curve | $3.2m | $1.6m | $15.2m | -$13.6m |
Aura Finance | $2.7m | $727.9k | $3.5m | -$2.7m |
Optimism | $2.7m | $605.4k | $28.8m | -$28.2m |
Lyra | $2.5m | $0 | $5.8k | -$5.8k |
Gains Network | $2.4m | $2.0m | $0 | $2.0m |
Kwenta | $2.2m | $0 | $1.3m | -$1.3m |
Compound | $1.8m | $181.8k | $1.1m | -$942.2k |
Radiant Capital | $1.7m | $857.7k | $224.0k | $633.7k |
MakerDAO | $1.4m | $1.4m | $191.7k | $1.2m |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
Solana | $1.1m | $559.9k | $43.1m | -$42.6m |
Goldfinch | $1.1m | $112.4k | $294.0k | -$181.5k |
LooksRare | $1.1m | $1.1m | $1.1m | -$10.2k |
BendDAO | $1.1m | $321.3k | $687.7k | -$366.4k |
MUX | $1.1m | $684.3k | $20.4k | $663.9k |
Zora | $977.1k | $443.2k | $0 | $443.2k |
Perpetual Protocol | $924.1k | $184.8k | $284.9k | -$100.0k |
QuickSwap | $892.2k | $110.1k | $131.9k | -$21.7k |
Avalanche | $826.1k | $826.1k | $24.9m | -$24.1m |
Tokenlon | $815.6k | $815.6k | $31.4k | $784.2k |
Mummy Finance | $776.6k | $310.6k | $2.0m | -$1.7m |
Cap | $758.9k | $670.8k | $0 | $670.8k |
Hop Protocol | $736.2k | $630.1k | $409.0k | $221.1k |
Stargate | $733.4k | $733.4k | $998.2k | -$264.8k |
X2Y2 | $712.4k | $648.7k | $703.2k | -$54.5k |
Hegic | $664.6k | $664.6k | $0 | $664.6k |
Synapse | $585.9k | $585.9k | $554.8k | $31.0k |
StakeWise | $574.1k | $57.4k | $781.5k | -$724.1k |
Gamma Strategies | $519.3k | $72.3k | - | $72.3k |
Sonne Finance | $515.8k | $70.4k | $550.0k | -$479.6k |
Zyberswap | $508.2k | $75.5k | $1.8m | -$1.7m |
SpookySwap | $499.7k | $75.0k | $430.9k | -$355.9k |
SuperRare | $464.7k | $294.2k | $0 | $294.2k |
CoW Protocol | $451.5k | $451.5k | $0 | $451.5k |
Premia | $410.1k | $21.5k | $113.2k | -$91.6k |
Ribbon Finance | $406.5k | $69.7k | $203.3k | -$133.6k |
Abracadabra.money | $398.5k | $398.5k | $212.4k | $186.1k |
1inch | $398.3k | $398.3k | $53.0k | $345.3k |
Across | $322.4k | $0 | $298.5k | -$298.5k |
Velodrome | $308.6k | $410.1k | $6.4m | -$6.0m |
Equalizer Exchange | $296.5k | $344.6k | $1.2m | -$882.2k |
Alchemix Finance | $253.0k | $253.0k | $906.1k | -$653.0k |
Bancor | $227.6k | $192.3k | $8.2k | $184.1k |
Azuro | $200.6k | $10.0k | $0 | $10.0k |
BENQI | $193.8k | $37.6k | $268.5k | -$230.9k |
Metavault.Trade | $193.4k | $58.0k | $254.4k | -$196.3k |
Liquity | $190.6k | $190.6k | $704.5k | -$513.9k |
Unipilot | $190.3k | $19.0k | $0 | $19.0k |
Thena | $188.9k | $173.1k | $2.6m | -$2.4m |
Voltz | $145.6k | $0 | $0 | $0 |
Sound.xyz | $144.5k | $7.2k | $0 | $7.2k |
ApeSwap | $141.0k | $47.2k | $395.1k | -$347.9k |
DeFi Saver | $135.8k | $135.8k | $0 | $135.8k |
Mycelium | $129.8k | $38.9k | $8.3k | $30.7k |
Dogecoin | $129.5k | $0 | $32.0m | -$32.0m |
BetSwirl | $116.0k | $116.0k | $0 | $116.0k |
NFTX | $111.6k | $45.0 | $0 | $45.0 |
SX | $110.7k | $110.7k | $75.3k | $35.4k |
Sudoswap | $99.2k | $14.8k | $0 | $14.8k |
Foundation | $98.9k | $85.5k | $0 | $85.5k |
Decentral Games | $98.1k | $98.1k | $107.0k | -$8.9k |
Origin Protocol | $91.4k | $9.1k | $23.8k | -$14.7k |
SolidLizard | $85.1k | $97.9k | $2.3m | -$2.2m |
IPOR Protocol | $73.0k | $2.9k | $661.2k | -$658.3k |
Idle Finance | $63.2k | $6.5k | $4.6k | $1.9k |
Instadapp | $61.2k | $61.2k | $0 | $61.2k |
UniDex | $52.7k | $21.1k | $0 | $21.1k |
Index Cooperative | $47.8k | $47.8k | $84.9 | $47.7k |
Wombat Exchange | $45.6k | $22.8k | $445.7k | -$422.9k |
MultiversX | $43.3k | $3.7k | $5.9m | -$5.9m |
Swarm | $38.6k | $0 | $10.0k | -$10.0k |
DODO | $37.5k | $7.5k | $97.7k | -$90.2k |
Lens Protocol | $35.0k | $0 | $0 | $0 |
Litecoin | $33.8k | $0 | $19.2m | -$19.2m |
Notional Finance | $30.6k | $27.7k | $175.6k | -$148.0k |
Livepeer | $29.6k | $0 | $733.3k | -$733.3k |
The Graph | $29.3k | $4.9k | $3.6m | -$3.6m |
Zerion | $29.0k | $29.0k | $0 | $29.0k |
Tokemak | $25.7k | $25.7k | $182.3k | -$156.6k |
Deri Protocol | $25.1k | $20.0k | $11.3k | $8.8k |
Clipper | $23.7k | $8.3k | $0 | $8.3k |
PoolTogether | $17.7k | $0 | $194.6k | -$194.6k |
Vesta Finance | $14.7k | $14.7k | $89.9k | -$75.2k |
Reflexer | $14.6k | $14.6k | $41.3k | -$26.8k |
Stellar | $14.0k | $14.0k | $0 | $14.0k |
Verse | $12.8k | $2.1k | $294.1k | -$292.0k |
Allbridge Core | $12.2k | $2.4k | $0 | $2.4k |
DFX Finance | $11.6k | $5.8k | $94.7k | -$88.9k |
Internet Computer | $9.6k | $9.6k | $17.0m | -$17.0m |
Thales | $8.9k | $8.9k | $228.5k | -$219.6k |
Connext | $8.9k | $0 | $0 | $0 |
Integral | $8.1k | $8.1k | $5.4k | $2.7k |
Rarible | $7.7k | $7.7k | $373.8 | $7.3k |
Solv Protocol | $4.9k | $4.9k | $0 | $4.9k |
Mean Finance | $4.1k | $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 | $957.2 | $957.2 | $0 | $957.2 |
Quix | $784.7 | $357.3 | $0 | $357.3 |
Saddle Finance | $563.1 | $0 | $1.1m | -$1.1m |
Cryptex | $537.8 | $537.8 | $10.9k | -$10.4k |
Zcash | $372.7 | $0 | $3.2m | -$3.2m |
Volmex | $91.3 | $91.3 | $0 | $91.3 |
ParagonsDAO | $1.2 | $1.2 | $0 | $1.2 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $25.8k | -$25.8k |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $310.7k | $0 |