Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $217.8m | $187.3m | $96.4m | $90.9m |
Tron | $82.8m | $82.8m | $56.0m | $26.8m |
Uniswap | $55.8m | $0 | $14.8 | -$14.8 |
Lido Finance | $48.0m | $4.8m | $1.6m | $3.2m |
Bitcoin | $21.3m | $0 | $781.4m | -$781.4m |
BNB Chain | $19.5m | $2.0m | $0 | $2.0m |
GMX | $17.7m | $5.3m | $1.2m | $4.1m |
Convex Finance | $15.7m | $3.0m | $1.4m | $1.7m |
OpenSea | $9.4m | $2.5m | $0 | $2.5m |
Blur | $8.4m | $0 | $0 | $0 |
Arbitrum | $8.3m | $2.4m | $0 | $2.4m |
Level Finance | $7.8m | $4.3m | $6.3m | -$2.0m |
PancakeSwap | $7.5m | $2.4m | $20.4m | -$18.0m |
Aave | $7.2m | $1.0m | $265.1k | $777.9k |
dYdX | $7.1m | $7.1m | $14.4m | -$7.2m |
Filecoin | $5.2m | $4.7m | $34.6m | -$30.0m |
SushiSwap | $4.4m | $736.6k | $304.2k | $432.3k |
Flashbots | $4.4m | $39.2k | $0 | $39.2k |
Synthetix | $4.3m | $4.3m | $3.4m | $900.9k |
Trader Joe | $4.3m | $61.0k | $116.6k | -$55.6k |
Manifold.xyz | $4.2m | $78.0k | $0 | $78.0k |
Polygon | $4.1m | $2.6m | $17.9m | -$15.3m |
Optimism | $4.0m | $976.7k | $26.9m | -$25.9m |
Venus | $2.6m | $416.5k | $290.6k | $125.9k |
Aura Finance | $2.6m | $716.4k | $3.2m | -$2.5m |
Gains Network | $2.1m | $1.7m | $0 | $1.7m |
Lyra | $2.1m | $0 | $4.1k | -$4.1k |
Radiant Capital | $2.0m | $1.0m | $213.4k | $809.3k |
Compound | $1.7m | $179.9k | $841.6k | -$661.6k |
MakerDAO | $1.7m | $1.7m | $186.6k | $1.5m |
Avalanche | $1.5m | $1.5m | $25.9m | -$24.4m |
Morpho | $1.5m | $0 | $0 | $0 |
MUX | $1.4m | $818.8k | $28.5k | $790.3k |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
Solana | $1.2m | $583.6k | $52.8m | -$52.2m |
LooksRare | $1.2m | $1.1m | $978.1k | $171.6k |
Goldfinch | $1.1m | $111.4k | $474.0k | -$362.6k |
Stargate | $1.0m | $1.0m | $1.0m | -$4.6k |
BendDAO | $1.0m | $306.0k | $821.0k | -$515.1k |
Kwenta | $929.5k | $0 | $1.1m | -$1.1m |
Perpetual Protocol | $925.5k | $185.1k | $281.3k | -$96.2k |
Zora | $811.8k | $271.3k | $0 | $271.3k |
Hop Protocol | $805.6k | $711.4k | $330.7k | $380.7k |
CoW Protocol | $802.4k | $802.4k | $0 | $802.4k |
Tokenlon | $793.4k | $793.4k | $161.5k | $632.0k |
QuickSwap | $731.3k | $90.2k | $144.2k | -$54.0k |
Cap | $683.4k | $500.0k | $0 | $500.0k |
Hegic | $668.8k | $668.8k | $0 | $668.8k |
Mummy Finance | $658.2k | $263.3k | $1.8m | -$1.6m |
StakeWise | $650.4k | $65.0k | $771.3k | -$706.3k |
X2Y2 | $629.6k | $582.1k | $603.1k | -$21.0k |
Gamma Strategies | $595.0k | $84.7k | - | $84.7k |
Synapse | $515.9k | $515.9k | $531.8k | -$15.9k |
Sonne Finance | $476.8k | $65.2k | $477.6k | -$412.4k |
Premia | $436.9k | $21.7k | $151.1k | -$129.4k |
Abracadabra.money | $417.1k | $417.1k | $203.5k | $213.6k |
Zyberswap | $395.1k | $47.8k | $965.2k | -$917.4k |
Ribbon Finance | $345.7k | $62.5k | $203.3k | -$140.8k |
SpookySwap | $337.9k | $50.7k | $393.2k | -$342.5k |
1inch | $323.4k | $323.4k | $47.0k | $276.5k |
Across | $310.1k | $0 | $126.5k | -$126.5k |
SuperRare | $304.9k | $227.6k | $0 | $227.6k |
Alchemix Finance | $303.4k | $303.4k | $633.3k | -$329.9k |
Azuro | $228.9k | $11.4k | $0 | $11.4k |
Velodrome | $225.2k | $219.1k | $6.2m | -$6.0m |
Voltz | $217.6k | $0 | $0 | $0 |
BENQI | $211.3k | $41.2k | $266.4k | -$225.2k |
Equalizer Exchange | $199.0k | $106.4k | $676.1k | -$569.7k |
DeFi Saver | $179.4k | $179.4k | $0 | $179.4k |
Liquity | $162.3k | $162.3k | $754.7k | -$592.4k |
Dogecoin | $161.5k | $0 | $33.8m | -$33.8m |
Bancor | $159.5k | $134.8k | $8.7k | $126.1k |
Sound.xyz | $156.2k | $8.2k | $0 | $8.2k |
Mycelium | $130.0k | $39.0k | $5.8k | $33.2k |
Thena | $129.1k | $90.1k | $2.2m | -$2.1m |
Unipilot | $106.9k | $10.7k | $0 | $10.7k |
Decentral Games | $100.1k | $100.1k | $119.9k | -$19.8k |
SX | $99.0k | $99.0k | $70.4k | $28.6k |
Metavault.Trade | $94.6k | $28.4k | $204.2k | -$175.8k |
ApeSwap | $94.1k | $31.0k | $325.4k | -$294.4k |
IPOR Protocol | $90.9k | $1.1k | $481.0k | -$480.0k |
NFTX | $88.9k | $23.2 | $0 | $23.2 |
Sudoswap | $87.2k | $12.8k | $0 | $12.8k |
Foundation | $86.7k | $74.3k | $0 | $74.3k |
Origin Protocol | $85.2k | $8.5k | $18.3k | -$9.8k |
BetSwirl | $82.1k | $82.1k | $0 | $82.1k |
Index Cooperative | $66.6k | $66.6k | $84.9 | $66.5k |
Idle Finance | $52.0k | $5.3k | $3.5k | $1.8k |
DODO | $50.2k | $10.0k | $87.2k | -$77.2k |
UniDex | $46.2k | $18.6k | $0 | $18.6k |
Lens Protocol | $41.6k | $0 | $0 | $0 |
MultiversX | $36.0k | $3.4k | $5.8m | -$5.8m |
Litecoin | $34.1k | $0 | $20.0m | -$20.0m |
SolidLizard | $33.6k | $38.2k | $1.1m | -$1.1m |
Clipper | $33.4k | $13.0k | $0 | $13.0k |
The Graph | $32.1k | $7.0k | $3.7m | -$3.7m |
Wombat Exchange | $30.9k | $15.5k | $648.4k | -$633.0k |
Zerion | $30.7k | $30.7k | $0 | $30.7k |
Instadapp | $29.0k | $29.0k | $0 | $29.0k |
Livepeer | $26.9k | $0 | $1.1m | -$1.1m |
PoolTogether | $19.8k | $0 | $146.6k | -$146.6k |
Tokemak | $19.5k | $19.5k | $111.6k | -$92.1k |
Verse | $17.1k | $2.9k | $354.4k | -$351.5k |
Vesta Finance | $16.1k | $16.1k | $10.9k | $5.2k |
Notional Finance | $14.5k | $13.5k | $173.7k | -$160.2k |
Deri Protocol | $13.2k | $10.5k | $11.2k | -$667.0 |
Stellar | $12.8k | $12.8k | $0 | $12.8k |
Reflexer | $10.3k | $10.3k | $27.0k | -$16.6k |
Integral | $9.7k | $9.7k | $412.7 | $9.3k |
Internet Computer | $9.3k | $9.3k | $15.8m | -$15.8m |
Tezos | $8.5k | $0 | $3.9m | -$3.9m |
DFX Finance | $8.2k | $4.1k | $77.4k | -$73.3k |
Thales | $8.1k | $8.1k | $217.8k | -$209.7k |
Connext | $7.9k | $0 | $0 | $0 |
Rarible | $7.0k | $7.0k | $260.1 | $6.8k |
Allbridge Core | $5.3k | $1.1k | $0 | $1.1k |
Solv Protocol | $5.1k | $5.1k | $0 | $5.1k |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Mean Finance | $3.7k | $926.3 | $0 | $926.3 |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Kleros | $2.2k | $0 | $12.3k | -$12.3k |
Quix | $1.6k | $771.6 | $0 | $771.6 |
Mina Protocol | $1.4k | $0 | $7.5m | -$7.5m |
Swarm | $1.3k | $0 | $6.0k | -$6.0k |
Ren | $885.5 | $0 | $0 | $0 |
Saddle Finance | $412.6 | $0 | $1.1m | -$1.1m |
Zcash | $396.1 | $0 | $3.3m | -$3.3m |
Cryptex | $185.9 | $185.9 | $12.7k | -$12.5k |
Volmex | $51.6 | $51.6 | $0 | $51.6 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $7.5k | -$7.5k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $278.0k | -$278.0k |