The income of DeFi protocol returns to the high position of 2021 in 2024

Various DeFi protocols generated substantial revenue in 2024, with many mature protocols nearing their 2021 peak, while newer platforms have become significant contributors.

Specifically, pump.fun is a standout in the Solana ecosystem. In 2024, this platform generated $313 million in fees, averaging $31 million per month and nearly a 77% average monthly growth rate.

In addition, Jito's income also experienced explosive growth from $5 million in January to total annual revenue reaching $603 million by year-end, growing on average about 79% per month.

Meanwhile, Ethena has seen a surge in fees over recent months. In January of 2024, Ethena's fee was only $1.7 million; by the end of the year it had exceeded $267 million. Notably more than 54% of Ethena's annual income was generated over the past three months during which time it grew an average of 150% each month.

On the other hand, MakerDAO's revenue far exceeded the historical highs of $12.8 million set in May 2021 and $32.6 million set in April 2024. As of writing this article, MakerDAO's income in December last year was close to $40 million, a 38% increase from the previous month. The annual fees generated were over $313 million, an increase of 176% compared to 2023. Despite the growth in revenue, MKR tokens fell by 10% within the year.

For Aave, 2024 marked its recovery, approaching its all-time high. Its December revenue reached $60.9 million, close to the peak of $65.39 million in October 2021. In that year alone, Aave generated a total fee of $389 million with an average monthly income of $32.4 million and a stable monthly growth rate at around 14%. Compared with 2023,this means that annual revenues increased by 244%, while Aave tokens rose more than 200% throughout theyear.(The Block)