Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $166.8m | $143.6m | $94.0m | $49.6m |
Tron | $79.6m | $79.6m | $52.8m | $26.8m |
Curve | $74.4m | $37.2m | $15.3m | $21.9m |
Uniswap | $48.9m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.1m | $4.6m | $1.6m | $3.0m |
Bitcoin | $24.0m | $0 | $787.2m | -$787.2m |
BNB Chain | $20.0m | $2.0m | $0 | $2.0m |
GMX | $17.3m | $5.2m | $1.2m | $4.0m |
Convex Finance | $14.0m | $2.7m | $1.5m | $1.2m |
OpenSea | $9.1m | $1.8m | $0 | $1.8m |
Blur | $8.8m | $0 | $0 | $0 |
PancakeSwap | $8.1m | $2.6m | $20.9m | -$18.3m |
dYdX | $7.7m | $7.7m | $9.3m | -$1.6m |
Arbitrum | $7.7m | $3.3m | $0 | $3.3m |
Aave | $7.2m | $1.1m | $293.0k | $790.2k |
Level Finance | $6.9m | $3.8m | $5.7m | -$1.9m |
Filecoin | $5.3m | $4.8m | $37.5m | -$32.7m |
Flashbots | $5.1m | $34.8k | $0 | $34.8k |
Venus | $4.9m | $1.0m | $285.6k | $719.4k |
Manifold.xyz | $4.7m | $91.4k | $0 | $91.4k |
Trader Joe | $4.5m | $78.7k | $124.2k | -$45.5k |
SushiSwap | $4.3m | $716.4k | $320.5k | $395.9k |
Synthetix | $3.9m | $3.9m | $3.4m | $506.4k |
Polygon | $3.6m | $2.1m | $18.1m | -$16.0m |
Optimism | $3.0m | $704.6k | $28.9m | -$28.2m |
Aura Finance | $2.7m | $729.7k | $3.3m | -$2.5m |
Lyra | $2.4m | $0 | $5.3k | -$5.3k |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
MakerDAO | $1.9m | $1.9m | $194.9k | $1.7m |
Radiant Capital | $1.8m | $908.6k | $348.3k | $560.2k |
Compound | $1.8m | $183.8k | $1.1m | -$901.3k |
Kwenta | $1.5m | $0 | $1.0m | -$1.0m |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
LooksRare | $1.3m | $1.3m | $1.0m | $220.8k |
MUX | $1.1m | $722.2k | $25.7k | $696.5k |
Solana | $1.1m | $566.1k | $48.4m | -$47.8m |
BendDAO | $1.1m | $322.6k | $717.8k | -$395.2k |
Goldfinch | $1.0m | $103.8k | $280.4k | -$176.6k |
Avalanche | $965.4k | $965.4k | $26.6m | -$25.7m |
Stargate | $902.9k | $902.9k | $1.1m | -$160.6k |
Perpetual Protocol | $902.5k | $180.5k | $273.2k | -$92.7k |
Zora | $867.4k | $357.0k | $0 | $357.0k |
Tokenlon | $797.6k | $797.6k | $3.8k | $793.9k |
Cap | $790.1k | $650.4k | $0 | $650.4k |
QuickSwap | $786.9k | $97.6k | $122.5k | -$24.9k |
Hop Protocol | $769.3k | $663.3k | $411.7k | $251.6k |
Mummy Finance | $704.8k | $281.9k | $1.8m | -$1.6m |
Hegic | $642.6k | $642.6k | $0 | $642.6k |
Gamma Strategies | $620.3k | $88.2k | - | $88.2k |
Synapse | $593.2k | $593.2k | $574.5k | $18.7k |
StakeWise | $576.9k | $57.7k | $781.4k | -$723.7k |
Sonne Finance | $506.5k | $69.4k | $512.9k | -$443.6k |
Zyberswap | $489.3k | $66.1k | $1.6m | -$1.5m |
CoW Protocol | $441.4k | $441.4k | $0 | $441.4k |
SpookySwap | $430.7k | $64.6k | $427.6k | -$363.0k |
Premia | $414.8k | $21.5k | $122.2k | -$100.7k |
SuperRare | $412.9k | $270.5k | $0 | $270.5k |
Ribbon Finance | $371.7k | $69.6k | $203.3k | -$133.7k |
1inch | $367.6k | $367.6k | $54.1k | $313.6k |
Abracadabra.money | $365.7k | $365.7k | $225.8k | $139.9k |
Across | $335.4k | $0 | $128.0k | -$128.0k |
Alchemix Finance | $303.4k | $303.4k | $841.8k | -$538.3k |
Velodrome | $262.3k | $270.1k | $6.2m | -$5.9m |
Equalizer Exchange | $255.0k | $222.5k | $1.0m | -$779.1k |
Azuro | $223.7k | $11.2k | $0 | $11.2k |
BENQI | $199.2k | $38.7k | $265.8k | -$227.1k |
Bancor | $193.5k | $163.3k | $9.0k | $154.3k |
DeFi Saver | $173.9k | $173.9k | $0 | $173.9k |
Liquity | $163.7k | $163.7k | $749.1k | -$585.4k |
Unipilot | $161.7k | $16.2k | $0 | $16.2k |
Thena | $149.8k | $138.1k | $2.3m | -$2.2m |
Voltz | $146.5k | $0 | $0 | $0 |
Metavault.Trade | $140.6k | $42.2k | $246.4k | -$204.2k |
Sound.xyz | $135.8k | $7.1k | $0 | $7.1k |
Dogecoin | $133.0k | $0 | $32.8m | -$32.8m |
ApeSwap | $130.8k | $42.0k | $388.8k | -$346.8k |
Mycelium | $114.4k | $34.3k | $8.1k | $26.2k |
NFTX | $110.2k | $32.6 | $0 | $32.6 |
SX | $104.6k | $104.6k | $73.1k | $31.5k |
Sudoswap | $101.7k | $15.1k | $0 | $15.1k |
Decentral Games | $99.7k | $99.7k | $122.9k | -$23.2k |
Foundation | $93.7k | $82.8k | $0 | $82.8k |
BetSwirl | $92.8k | $92.8k | $0 | $92.8k |
Origin Protocol | $84.0k | $8.4k | $20.8k | -$12.4k |
IPOR Protocol | $77.2k | $2.6k | $642.6k | -$640.0k |
SolidLizard | $69.5k | $71.1k | $2.0m | -$1.9m |
Index Cooperative | $65.9k | $65.9k | $84.9 | $65.8k |
Idle Finance | $63.4k | $6.5k | $4.4k | $2.1k |
Instadapp | $57.2k | $57.2k | $0 | $57.2k |
UniDex | $50.5k | $20.2k | $0 | $20.2k |
MultiversX | $38.8k | $3.5k | $5.9m | -$5.9m |
Wombat Exchange | $37.9k | $19.0k | $521.5k | -$502.5k |
DODO | $37.8k | $7.6k | $93.3k | -$85.8k |
Clipper | $35.8k | $13.9k | $0 | $13.9k |
Lens Protocol | $35.3k | $0 | $0 | $0 |
The Graph | $34.4k | $8.0k | $3.5m | -$3.5m |
Litecoin | $34.3k | $0 | $19.6m | -$19.6m |
Zerion | $32.8k | $32.8k | $0 | $32.8k |
Livepeer | $28.5k | $0 | $862.9k | -$862.9k |
Notional Finance | $26.6k | $24.2k | $185.1k | -$160.9k |
Deri Protocol | $22.6k | $18.1k | $11.0k | $7.1k |
Tokemak | $19.9k | $19.9k | $194.5k | -$174.6k |
Vesta Finance | $15.2k | $15.2k | $13.6k | $1.6k |
Verse | $14.9k | $2.5k | $325.1k | -$322.6k |
PoolTogether | $13.7k | $0 | $166.5k | -$166.5k |
Stellar | $13.5k | $13.5k | $0 | $13.5k |
Reflexer | $13.0k | $13.0k | $25.6k | -$12.6k |
Allbridge Core | $11.1k | $2.2k | $0 | $2.2k |
DFX Finance | $10.5k | $5.2k | $98.0k | -$92.7k |
Internet Computer | $10.2k | $10.2k | $16.6m | -$16.6m |
Tezos | $9.9k | $0 | $4.2m | -$4.2m |
Connext | $9.0k | $0 | $0 | $0 |
Integral | $8.9k | $8.9k | $5.4k | $3.5k |
Thales | $7.6k | $7.6k | $226.1k | -$218.4k |
Rarible | $7.4k | $7.4k | $373.8 | $7.0k |
Solv Protocol | $6.0k | $6.0k | $0 | $6.0k |
Toucan Protocol | $4.3k | $4.3k | $0 | $4.3k |
Mean Finance | $3.7k | $928.6 | $0 | $928.6 |
Swarm | $3.2k | $0 | $8.5k | -$8.5k |
Kleros | $2.0k | $0 | $16.5k | -$16.5k |
Ren | $2.0k | $0 | $0 | $0 |
Alongside | $2.0k | $2.0k | $0 | $2.0k |
Mina Protocol | $1.5k | $0 | $7.8m | -$7.8m |
Quix | $1.2k | $581.2 | $0 | $581.2 |
Saddle Finance | $471.3 | $0 | $1.3m | -$1.3m |
Zcash | $387.1 | $0 | $3.3m | -$3.3m |
Cryptex | $196.2 | $196.2 | $4.4k | -$4.2k |
Volmex | $93.1 | $93.1 | $0 | $93.1 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $7.2k | -$7.2k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $291.1k | $0 |