Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $228.6m | $196.7m | $96.7m | -$96.7m |
Tron | $84.7m | $84.7m | $57.4m | $27.3m |
Lido Finance | $48.6m | $4.9m | $1.6m | $3.2m |
Uniswap | $47.0m | $0 | $14.8 | -$14.8 |
Bitcoin | $21.2m | $0 | $777.2m | -$777.2m |
BNB Chain | $20.0m | $2.0m | $0 | $2.0m |
GMX | $17.3m | $5.2m | $1.2m | $4.0m |
Convex Finance | $15.7m | $3.0m | $1.4m | $1.7m |
OpenSea | $9.5m | $2.7m | $0 | $2.7m |
Arbitrum | $8.6m | $2.4m | $0 | $2.4m |
Blur | $8.3m | $0 | $0 | $0 |
Level Finance | $8.1m | $4.4m | $6.6m | -$2.1m |
PancakeSwap | $7.6m | $2.4m | $20.1m | -$17.7m |
dYdX | $7.3m | $7.3m | $11.7m | -$4.3m |
Aave | $7.3m | $1.0m | $316.5k | $721.4k |
Filecoin | $5.1m | $4.6m | $35.1m | -$30.5m |
Flashbots | $4.5m | $41.0k | $0 | $41.0k |
Polygon | $4.4m | $3.0m | $17.9m | -$14.9m |
Synthetix | $4.4m | $4.4m | $3.5m | $960.7k |
Manifold.xyz | $4.3m | $72.6k | $0 | $72.6k |
SushiSwap | $4.2m | $704.6k | $306.1k | $398.5k |
Optimism | $4.2m | $1.0m | $27.1m | -$26.1m |
Venus | $4.2m | $818.0k | $302.0k | $516.0k |
Trader Joe | $4.1m | $64.7k | $111.9k | -$47.2k |
Aura Finance | $2.5m | $684.3k | $3.4m | -$2.7m |
Radiant Capital | $2.2m | $1.1m | $199.1k | $877.1k |
Gains Network | $2.1m | $1.7m | $0 | $1.7m |
Lyra | $2.1m | $0 | $4.1k | -$4.1k |
Compound | $1.7m | $177.5k | $843.2k | -$665.8k |
MakerDAO | $1.7m | $1.7m | $180.1k | $1.5m |
Avalanche | $1.7m | $1.7m | $25.5m | -$23.8m |
Morpho | $1.5m | $0 | $0 | $0 |
MUX | $1.4m | $810.7k | $28.7k | $782.0k |
Ethereum Name Service | $1.2m | $1.2m | $0 | $1.2m |
Solana | $1.2m | $585.5k | $52.8m | -$52.2m |
LooksRare | $1.1m | $1.1m | $992.4k | $126.9k |
Stargate | $1.1m | $1.1m | $1.0m | $32.0k |
BendDAO | $993.4k | $298.0k | $791.9k | -$493.8k |
Goldfinch | $970.5k | $98.7k | $584.9k | -$486.1k |
Perpetual Protocol | $958.5k | $191.7k | $334.4k | -$142.7k |
Kwenta | $822.9k | $0 | $1.1m | -$1.1m |
Zora | $820.3k | $259.9k | $0 | $259.9k |
Tokenlon | $817.8k | $817.8k | $161.5k | $656.3k |
Hop Protocol | $768.1k | $677.8k | $321.4k | $356.4k |
QuickSwap | $731.2k | $90.4k | $141.9k | -$51.5k |
Mummy Finance | $690.9k | $276.4k | $1.7m | -$1.4m |
StakeWise | $661.6k | $66.2k | $798.5k | -$732.3k |
Hegic | $657.0k | $657.0k | $0 | $657.0k |
Cap | $647.8k | $463.8k | $0 | $463.8k |
CoW Protocol | $618.2k | $618.2k | $0 | $618.2k |
X2Y2 | $605.2k | $558.6k | $576.4k | -$17.8k |
Gamma Strategies | $603.1k | $86.1k | - | $86.1k |
Synapse | $502.8k | $502.8k | $538.5k | -$35.7k |
Sonne Finance | $467.0k | $64.0k | $470.6k | -$406.6k |
Abracadabra.money | $429.1k | $429.1k | $200.6k | $228.5k |
Premia | $422.4k | $20.9k | $147.0k | -$126.1k |
Zyberswap | $385.1k | $46.3k | $885.3k | -$839.0k |
Ribbon Finance | $345.7k | $62.5k | $203.3k | -$140.8k |
1inch | $335.3k | $335.3k | $45.7k | $289.6k |
SpookySwap | $329.0k | $49.3k | $382.8k | -$333.5k |
Alchemix Finance | $303.4k | $303.4k | $1.4m | -$1.1m |
SuperRare | $302.7k | $226.0k | $0 | $226.0k |
Across | $295.7k | $0 | $129.9k | -$129.9k |
Velodrome | $225.1k | $219.1k | $6.3m | -$6.0m |
Azuro | $223.1k | $11.2k | $0 | $11.2k |
BENQI | $212.7k | $41.5k | $265.0k | -$223.6k |
Equalizer Exchange | $195.6k | $106.4k | $583.5k | -$477.1k |
DeFi Saver | $189.5k | $189.5k | $0 | $189.5k |
Liquity | $164.6k | $164.6k | $744.5k | -$579.9k |
Bancor | $158.8k | $134.3k | $9.2k | $125.2k |
Dogecoin | $158.6k | $0 | $33.9m | -$33.9m |
Sound.xyz | $152.6k | $8.0k | $0 | $8.0k |
Thena | $127.9k | $89.7k | $2.1m | -$2.0m |
Mycelium | $127.3k | $38.2k | $5.3k | $32.9k |
Voltz | $111.4k | $0 | $0 | $0 |
Unipilot | $108.0k | $10.8k | $0 | $10.8k |
SX | $97.8k | $97.8k | $69.7k | $28.1k |
Metavault.Trade | $94.2k | $28.3k | $182.7k | -$154.4k |
Decentral Games | $93.9k | $93.9k | $119.7k | -$25.7k |
ApeSwap | $90.4k | $30.2k | $319.6k | -$289.5k |
NFTX | $88.6k | $32.0 | $0 | $32.0 |
Sudoswap | $86.6k | $12.7k | $0 | $12.7k |
Origin Protocol | $86.4k | $8.6k | $18.4k | -$9.8k |
IPOR Protocol | $85.6k | $1.1k | $471.8k | -$470.7k |
Foundation | $84.8k | $71.9k | $0 | $71.9k |
BetSwirl | $83.6k | $83.6k | $0 | $83.6k |
Index Cooperative | $66.7k | $66.7k | $84.9 | $66.6k |
UniDex | $48.6k | $19.5k | $0 | $19.5k |
Lens Protocol | $39.0k | $0 | $0 | $0 |
MultiversX | $35.3k | $3.3k | $5.8m | -$5.8m |
Litecoin | $34.0k | $0 | $19.9m | -$19.9m |
The Graph | $33.2k | $7.7k | $3.8m | -$3.8m |
Clipper | $33.2k | $13.1k | $0 | $13.1k |
Idle Finance | $32.1k | $3.3k | $2.9k | $442.7 |
SolidLizard | $31.1k | $38.4k | $1.0m | -$1.0m |
Wombat Exchange | $30.1k | $15.0k | $681.8k | -$666.8k |
Zerion | $29.4k | $29.4k | $0 | $29.4k |
DODO | $29.0k | $5.8k | $87.7k | -$81.9k |
Instadapp | $28.2k | $28.2k | $0 | $28.2k |
Livepeer | $26.5k | $0 | $1.0m | -$1.0m |
PoolTogether | $25.1k | $0 | $135.9k | -$135.9k |
Tokemak | $19.5k | $19.5k | $107.9k | -$88.4k |
Verse | $17.5k | $2.9k | $364.0k | -$361.0k |
Vesta Finance | $16.0k | $16.0k | $9.9k | $6.1k |
Deri Protocol | $12.9k | $10.3k | $11.4k | -$1.0k |
Stellar | $12.8k | $12.8k | $0 | $12.8k |
Notional Finance | $11.7k | $11.1k | $176.7k | -$165.6k |
Integral | $10.1k | $10.1k | $310.8 | $9.8k |
Reflexer | $9.6k | $9.6k | $27.7k | -$18.1k |
Internet Computer | $8.8k | $8.8k | $15.9m | -$15.9m |
Tezos | $8.7k | $0 | $3.9m | -$3.9m |
Thales | $8.4k | $8.4k | $215.4k | -$207.0k |
Connext | $7.6k | $0 | $0 | $0 |
Rarible | $6.7k | $6.7k | $260.1 | $6.4k |
DFX Finance | $5.6k | $2.8k | $76.7k | -$73.9k |
Allbridge Core | $3.9k | $789.3 | $0 | $789.3 |
Toucan Protocol | $3.9k | $3.9k | $0 | $3.9k |
Solv Protocol | $3.8k | $3.8k | $0 | $3.8k |
Mean Finance | $3.7k | $914.9 | $0 | $914.9 |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Kleros | $2.1k | $0 | $12.3k | -$12.3k |
Quix | $1.6k | $755.8 | $0 | $755.8 |
Mina Protocol | $1.4k | $0 | $7.4m | -$7.4m |
Ren | $817.5 | $0 | $0 | $0 |
Saddle Finance | $484.2 | $0 | $1.1m | -$1.1m |
Zcash | $415.3 | $0 | $3.3m | -$3.3m |
Swarm | $218.3 | $0 | $5.3k | -$5.3k |
Cryptex | $185.9 | $185.9 | $12.7k | -$12.5k |
Volmex | $35.6 | $35.6 | $0 | $35.6 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $8.7k | -$8.7k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $270.9k | -$270.9k |