Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $163.7m | $139.4m | $91.1m | $48.3m |
Tron | $78.4m | $78.4m | $51.3m | $27.0m |
Uniswap | $54.9m | $0 | $14.8 | -$14.8 |
Lido Finance | $47.0m | $4.7m | $1.6m | $3.1m |
Bitcoin | $24.9m | $0 | $761.5m | -$761.5m |
BNB Chain | $20.3m | $2.0m | $0 | $2.0m |
GMX | $17.7m | $5.3m | $1.3m | $4.0m |
Convex Finance | $13.8m | $2.6m | $1.5m | $1.0m |
PancakeSwap | $9.1m | $2.9m | $21.1m | -$18.2m |
Blur | $9.1m | $0 | $0 | $0 |
dYdX | $9.0m | $9.0m | $8.6m | $476.3k |
OpenSea | $9.0m | $1.2m | $0 | $1.2m |
Aave | $8.3m | $1.2m | $275.5k | $906.5k |
Arbitrum | $7.2m | $3.2m | $0 | $3.2m |
Level Finance | $5.9m | $3.2m | $5.1m | -$1.8m |
Venus | $5.6m | $1.2m | $237.4k | $929.0k |
Flashbots | $5.5m | $34.0k | $0 | $34.0k |
Filecoin | $4.8m | $4.2m | $37.6m | -$33.3m |
SushiSwap | $4.5m | $750.7k | $330.9k | $419.8k |
Synthetix | $4.4m | $4.4m | $4.0m | $395.7k |
Trader Joe | $4.3m | $82.5k | $117.3k | -$34.9k |
Curve | $3.7m | $1.9m | $15.2m | -$13.4m |
Polygon | $3.5m | $1.9m | $18.2m | -$16.2m |
Lyra | $3.0m | $0 | $6.0k | -$6.0k |
Aura Finance | $2.7m | $724.8k | $3.4m | -$2.7m |
Optimism | $2.7m | $592.5k | $6.5m | -$5.9m |
Gains Network | $2.5m | $2.1m | $0 | $2.1m |
Kwenta | $2.3m | $0 | $1.1m | -$1.1m |
Compound | $1.9m | $188.2k | $1.1m | -$934.9k |
Radiant Capital | $1.7m | $862.6k | $231.8k | $630.7k |
MakerDAO | $1.4m | $1.4m | $190.4k | $1.3m |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
LooksRare | $1.1m | $1.1m | $1.1m | $37.4k |
Solana | $1.1m | $561.4k | $42.7m | -$42.1m |
Goldfinch | $1.1m | $112.6k | $256.0k | -$143.5k |
BendDAO | $1.1m | $321.1k | $707.2k | -$386.0k |
MUX | $1.0m | $679.5k | $20.7k | $658.8k |
Zora | $974.7k | $441.5k | $0 | $441.5k |
QuickSwap | $960.2k | $119.5k | $132.4k | -$12.9k |
Perpetual Protocol | $926.7k | $185.3k | $342.4k | -$157.1k |
Tokenlon | $825.2k | $825.2k | $31.4k | $793.9k |
Avalanche | $791.6k | $791.6k | $25.0m | -$24.2m |
Mummy Finance | $769.3k | $307.7k | $1.8m | -$1.5m |
Cap | $755.8k | $678.1k | $0 | $678.1k |
Hop Protocol | $732.3k | $624.6k | $398.9k | $225.8k |
X2Y2 | $717.1k | $654.8k | $694.9k | -$40.1k |
Stargate | $703.7k | $703.7k | $1.0m | -$323.2k |
Hegic | $660.0k | $660.0k | $0 | $660.0k |
Synapse | $593.0k | $593.0k | $563.4k | $29.6k |
StakeWise | $578.5k | $57.8k | $775.6k | -$717.7k |
Gamma Strategies | $542.3k | $75.7k | - | $75.7k |
Sonne Finance | $521.6k | $71.0k | $564.3k | -$493.3k |
Zyberswap | $521.6k | $81.0k | $1.8m | -$1.7m |
SpookySwap | $514.1k | $77.1k | $430.5k | -$353.4k |
SuperRare | $471.1k | $294.4k | $0 | $294.4k |
CoW Protocol | $457.0k | $457.0k | $0 | $457.0k |
Premia | $415.2k | $21.4k | $111.8k | -$90.4k |
1inch | $408.6k | $408.6k | $53.4k | $355.1k |
Ribbon Finance | $406.5k | $69.7k | $203.3k | -$133.6k |
Abracadabra.money | $392.3k | $392.3k | $211.1k | $181.2k |
Velodrome | $335.0k | $410.5k | $6.5m | -$6.1m |
Across | $323.4k | $0 | $28.8k | -$28.8k |
Equalizer Exchange | $298.9k | $344.5k | $1.3m | -$948.9k |
Alchemix Finance | $253.1k | $253.1k | $883.9k | -$630.8k |
Bancor | $229.8k | $194.3k | $8.4k | $185.9k |
Thena | $205.8k | $202.4k | $2.7m | -$2.4m |
Metavault.Trade | $203.2k | $61.0k | $262.6k | -$201.7k |
Liquity | $199.8k | $199.8k | $895.7k | -$695.9k |
Azuro | $197.0k | $9.8k | $0 | $9.8k |
BENQI | $193.8k | $37.6k | $272.5k | -$234.9k |
Unipilot | $164.3k | $16.4k | $0 | $16.4k |
DeFi Saver | $159.6k | $159.6k | $0 | $159.6k |
Voltz | $149.1k | $0 | $0 | $0 |
ApeSwap | $147.6k | $49.8k | $398.4k | -$348.6k |
Sound.xyz | $140.4k | $7.0k | $0 | $7.0k |
Mycelium | $136.8k | $41.0k | $7.8k | $33.2k |
BetSwirl | $118.5k | $118.5k | $0 | $118.5k |
Dogecoin | $117.5k | $0 | $31.8m | -$31.8m |
Origin Protocol | $112.9k | $11.3k | $23.1k | -$11.8k |
SX | $110.5k | $110.5k | $75.9k | $34.6k |
NFTX | $110.2k | $45.0 | $0 | $45.0 |
Sudoswap | $99.4k | $14.7k | $0 | $14.7k |
Decentral Games | $99.3k | $99.3k | $123.5k | -$24.3k |
Foundation | $98.5k | $84.9k | $0 | $84.9k |
SolidLizard | $91.2k | $98.3k | $2.4m | -$2.3m |
IPOR Protocol | $80.4k | $3.0k | $681.4k | -$678.4k |
Instadapp | $68.5k | $68.5k | $0 | $68.5k |
Idle Finance | $62.4k | $6.4k | $4.8k | $1.6k |
UniDex | $59.8k | $23.9k | $0 | $23.9k |
Index Cooperative | $49.6k | $49.6k | $84.9 | $49.5k |
Wombat Exchange | $44.4k | $44.4k | $289.9k | -$245.5k |
MultiversX | $43.6k | $3.7k | $5.9m | -$5.9m |
Swarm | $41.8k | $0 | $10.3k | -$10.3k |
DODO | $38.2k | $7.6k | $97.7k | -$90.0k |
Lens Protocol | $35.5k | $0 | $0 | $0 |
Litecoin | $33.7k | $0 | $19.1m | -$19.1m |
The Graph | $31.2k | $5.0k | $3.5m | -$3.5m |
Notional Finance | $30.9k | $28.0k | $177.8k | -$149.9k |
Livepeer | $29.8k | $0 | $1.2m | -$1.2m |
Zerion | $28.8k | $28.8k | $0 | $28.8k |
Deri Protocol | $25.4k | $20.4k | $11.7k | $8.6k |
Clipper | $22.5k | $8.0k | $0 | $8.0k |
Tokemak | $20.8k | $20.8k | $183.7k | -$163.0k |
PoolTogether | $17.6k | $0 | $199.9k | -$199.9k |
Reflexer | $14.9k | $14.9k | $46.6k | -$31.6k |
Vesta Finance | $14.6k | $14.6k | $90.6k | -$76.1k |
Stellar | $14.0k | $14.0k | $0 | $14.0k |
Allbridge Core | $12.7k | $2.5k | $0 | $2.5k |
DFX Finance | $12.6k | $6.3k | $102.7k | -$96.3k |
Verse | $12.2k | $2.0k | $284.9k | -$282.8k |
Internet Computer | $9.6k | $9.6k | $17.2m | -$17.2m |
Connext | $9.1k | $0 | $0 | $0 |
Thales | $8.9k | $8.9k | $221.7k | -$212.7k |
Integral | $7.8k | $7.8k | $5.4k | $2.5k |
Rarible | $7.6k | $7.6k | $372.1 | $7.3k |
Solv Protocol | $4.9k | $4.9k | $0 | $4.9k |
Mean Finance | $4.2k | $1.0k | $0 | $1.0k |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Ren | $2.1k | $0 | $0 | $0 |
Kleros | $2.0k | $0 | $16.1k | -$16.1k |
Mina Protocol | $1.6k | $0 | $7.8m | -$7.8m |
Toucan Protocol | $964.7 | $964.7 | $0 | $964.7 |
Quix | $780.6 | $353.3 | $0 | $353.3 |
Saddle Finance | $590.9 | $0 | $1.1m | -$1.1m |
Cryptex | $583.8 | $583.8 | $14.7k | -$14.2k |
Zcash | $377.1 | $0 | $3.2m | -$3.2m |
Volmex | $75.6 | $75.6 | $0 | $75.6 |
ParagonsDAO | $1.2 | $1.2 | $0 | $1.2 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $115.8k | -$115.8k |
Kapital DAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $313.4k | $0 |