Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $164.8m | $141.2m | $92.5m | $48.6m |
Tron | $79.7m | $79.7m | $52.5m | $27.1m |
Uniswap | $50.6m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.2m | $4.6m | $1.6m | $3.0m |
Bitcoin | $24.8m | $0 | $778.6m | -$778.6m |
BNB Chain | $20.3m | $2.0m | $0 | $2.0m |
GMX | $17.9m | $5.4m | $1.2m | $4.1m |
Convex Finance | $13.9m | $2.7m | $1.5m | $1.2m |
OpenSea | $9.2m | $1.6m | $0 | $1.6m |
Blur | $9.0m | $0 | $0 | $0 |
PancakeSwap | $8.4m | $2.7m | $21.0m | -$18.3m |
dYdX | $8.3m | $8.3m | $9.3m | -$1.0m |
Arbitrum | $7.5m | $3.3m | $0 | $3.3m |
Aave | $7.3m | $1.1m | $279.2k | $830.3k |
Level Finance | $6.8m | $3.7m | $5.4m | -$1.7m |
Venus | $5.5m | $1.2m | $293.8k | $863.5k |
Filecoin | $5.4m | $4.9m | $38.9m | -$34.1m |
Flashbots | $5.2m | $34.3k | $0 | $34.3k |
X2Y2 | $5.1m | $616.6k | $685.6k | -$68.9k |
Manifold.xyz | $4.9m | $95.3k | $0 | $95.3k |
Trader Joe | $4.4m | $80.4k | $120.3k | -$40.0k |
SushiSwap | $4.3m | $718.2k | $322.5k | $395.6k |
Synthetix | $4.2m | $4.2m | $3.6m | $603.3k |
Polygon | $3.5m | $2.0m | $18.1m | -$16.1m |
Optimism | $2.8m | $654.1k | $29.0m | -$28.4m |
Aura Finance | $2.7m | $745.2k | $3.2m | -$2.5m |
Curve | $2.7m | $1.3m | $15.5m | -$14.2m |
Lyra | $2.5m | $0 | $5.7k | -$5.7k |
Gains Network | $2.0m | $1.7m | $0 | $1.7m |
Kwenta | $1.9m | $0 | $1.0m | -$1.0m |
MakerDAO | $1.9m | $1.9m | $191.1k | $1.7m |
Compound | $1.8m | $181.9k | $1.1m | -$936.8k |
Radiant Capital | $1.8m | $875.5k | $214.4k | $661.2k |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
MUX | $1.1m | $720.4k | $25.7k | $694.7k |
Solana | $1.1m | $561.1k | $47.6m | -$47.1m |
Goldfinch | $1.1m | $112.1k | $276.6k | -$164.5k |
BendDAO | $1.1m | $322.1k | $711.9k | -$389.8k |
LooksRare | $992.5k | $986.3k | $1.1m | -$85.9k |
Zora | $928.0k | $409.5k | $0 | $409.5k |
Perpetual Protocol | $904.9k | $181.0k | $277.2k | -$96.2k |
Avalanche | $894.1k | $894.1k | $24.0m | -$23.1m |
QuickSwap | $834.2k | $103.0k | $121.8k | -$18.8k |
Tokenlon | $824.8k | $824.8k | $30.1k | $794.8k |
Stargate | $822.2k | $822.2k | $1.0m | -$201.1k |
Cap | $805.8k | $677.6k | $0 | $677.6k |
Mummy Finance | $766.7k | $306.7k | $1.9m | -$1.6m |
Hop Protocol | $759.4k | $652.3k | $410.4k | $241.9k |
Hegic | $647.9k | $647.9k | $0 | $647.9k |
Gamma Strategies | $646.7k | $92.0k | - | $92.0k |
Synapse | $597.9k | $597.9k | $556.7k | $41.3k |
StakeWise | $580.6k | $58.1k | $769.0k | -$711.0k |
Sonne Finance | $512.9k | $70.0k | $527.4k | -$457.3k |
Zyberswap | $510.6k | $71.3k | $1.7m | -$1.6m |
Ribbon Finance | $494.2k | $79.5k | $203.3k | -$123.8k |
SpookySwap | $459.8k | $69.0k | $430.6k | -$361.7k |
SuperRare | $448.3k | $281.0k | $0 | $281.0k |
CoW Protocol | $445.6k | $445.6k | $0 | $445.6k |
Premia | $410.2k | $21.8k | $119.9k | -$98.1k |
Abracadabra.money | $407.4k | $407.4k | $243.7k | $163.7k |
1inch | $386.2k | $386.2k | $52.8k | $333.4k |
Across | $333.0k | $0 | $67.8k | -$67.8k |
Velodrome | $288.6k | $422.4k | $6.5m | -$6.0m |
Equalizer Exchange | $277.7k | $263.3k | $1.1m | -$838.6k |
Alchemix Finance | $253.0k | $253.0k | $866.2k | -$613.1k |
Bancor | $225.4k | $190.1k | $8.1k | $182.0k |
Azuro | $207.1k | $10.4k | $0 | $10.4k |
BENQI | $195.6k | $38.0k | $265.9k | -$228.0k |
DeFi Saver | $172.7k | $172.7k | $0 | $172.7k |
Thena | $170.3k | $144.5k | $2.5m | -$2.3m |
Liquity | $160.4k | $160.4k | $723.3k | -$562.9k |
Unipilot | $160.2k | $16.0k | $0 | $16.0k |
Sound.xyz | $149.7k | $7.7k | $0 | $7.7k |
Metavault.Trade | $149.3k | $44.8k | $259.5k | -$214.7k |
Voltz | $148.2k | $0 | $0 | $0 |
ApeSwap | $134.5k | $43.7k | $393.3k | -$349.6k |
Dogecoin | $131.7k | $0 | $32.3m | -$32.3m |
Mycelium | $119.3k | $35.8k | $8.1k | $27.7k |
NFTX | $109.6k | $26.5 | $0 | $26.5 |
SX | $107.8k | $107.8k | $74.1k | $33.7k |
BetSwirl | $103.6k | $103.6k | $0 | $103.6k |
Sudoswap | $102.4k | $15.2k | $0 | $15.2k |
Decentral Games | $96.2k | $96.2k | $106.5k | -$10.3k |
Foundation | $94.3k | $82.4k | $0 | $82.4k |
Origin Protocol | $85.3k | $8.5k | $22.7k | -$14.1k |
SolidLizard | $81.1k | $102.5k | $2.2m | -$2.1m |
IPOR Protocol | $74.2k | $2.7k | $655.4k | -$652.8k |
Index Cooperative | $65.1k | $65.1k | $84.9 | $65.0k |
Idle Finance | $63.4k | $6.5k | $4.5k | $2.0k |
Instadapp | $58.5k | $58.5k | $0 | $58.5k |
UniDex | $50.0k | $20.0k | $0 | $20.0k |
MultiversX | $41.4k | $3.6k | $5.9m | -$5.9m |
Wombat Exchange | $41.4k | $20.7k | $485.1k | -$464.4k |
Clipper | $37.6k | $15.0k | $0 | $15.0k |
DODO | $36.7k | $7.3k | $94.8k | -$87.5k |
Lens Protocol | $35.4k | $0 | $0 | $0 |
Litecoin | $34.0k | $0 | $19.3m | -$19.3m |
Zerion | $31.4k | $31.4k | $0 | $31.4k |
The Graph | $29.9k | $5.0k | $3.5m | -$3.5m |
Livepeer | $29.5k | $0 | $775.9k | -$775.9k |
Notional Finance | $28.7k | $26.1k | $188.6k | -$162.5k |
Deri Protocol | $24.0k | $19.2k | $11.0k | $8.2k |
Tokemak | $19.9k | $19.9k | $187.2k | -$167.3k |
Vesta Finance | $15.1k | $15.1k | $16.1k | -$1.0k |
Verse | $14.1k | $2.4k | $300.9k | -$298.6k |
Reflexer | $13.8k | $13.8k | $41.5k | -$27.7k |
PoolTogether | $13.7k | $0 | $171.3k | -$171.3k |
Stellar | $13.7k | $13.7k | $0 | $13.7k |
Allbridge Core | $12.0k | $2.4k | $0 | $2.4k |
DFX Finance | $11.3k | $5.6k | $101.3k | -$95.7k |
Tezos | $10.7k | $0 | $4.0m | -$4.0m |
Internet Computer | $10.0k | $10.0k | $14.7m | -$14.7m |
Connext | $8.9k | $0 | $0 | $0 |
Integral | $8.8k | $8.8k | $5.4k | $3.5k |
Thales | $7.9k | $7.9k | $231.7k | -$223.8k |
Rarible | $7.6k | $7.6k | $373.8 | $7.3k |
Solv Protocol | $4.9k | $4.9k | $0 | $4.9k |
Toucan Protocol | $4.0k | $4.0k | $0 | $4.0k |
Mean Finance | $4.0k | $1.0k | $0 | $1.0k |
Swarm | $3.4k | $0 | $9.2k | -$9.2k |
Alongside | $2.2k | $2.2k | $0 | $2.2k |
Ren | $2.1k | $0 | $0 | $0 |
Kleros | $2.0k | $0 | $17.6k | -$17.6k |
Mina Protocol | $1.5k | $0 | $7.7m | -$7.7m |
Quix | $1.2k | $567.6 | $0 | $567.6 |
Cryptex | $529.7 | $529.7 | $10.9k | -$10.4k |
Saddle Finance | $514.9 | $0 | $1.1m | -$1.1m |
Zcash | $374.8 | $0 | $3.2m | -$3.2m |
Volmex | $96.5 | $96.5 | $0 | $96.5 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $27.7k | -$27.7k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $295.7k | $0 |