Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $193.5m | $166.4m | $95.6m | $70.8m |
Tron | $82.2m | $82.2m | $54.8m | $27.4m |
Uniswap | $59.3m | $0 | $14.8 | -$14.8 |
Lido Finance | $46.5m | $4.6m | $1.6m | $3.0m |
Bitcoin | $23.3m | $0 | $794.8m | -$794.8m |
BNB Chain | $20.0m | $2.0m | $0 | $2.0m |
GMX | $18.3m | $5.5m | $1.3m | $4.2m |
Convex Finance | $15.7m | $3.1m | $1.5m | $1.6m |
OpenSea | $9.1m | $2.1m | $0 | $2.1m |
Arbitrum | $8.8m | $3.4m | $0 | $3.4m |
Blur | $8.6m | $0 | $0 | $0 |
PancakeSwap | $7.9m | $2.5m | $20.7m | -$18.2m |
dYdX | $7.6m | $7.6m | $14.1m | -$6.4m |
Level Finance | $7.5m | $4.1m | $6.0m | -$1.9m |
Aave | $7.2m | $1.1m | $304.5k | $758.3k |
Filecoin | $5.4m | $4.9m | $37.9m | -$33.1m |
SushiSwap | $4.7m | $775.2k | $321.8k | $453.4k |
Trader Joe | $4.5m | $70.0k | $127.7k | -$57.8k |
Manifold.xyz | $4.4m | $83.4k | $0 | $83.4k |
Flashbots | $4.2m | $36.8k | $0 | $36.8k |
Synthetix | $4.1m | $4.1m | $3.8m | $308.6k |
Polygon | $3.8m | $2.3m | $18.0m | -$15.7m |
Optimism | $3.5m | $858.7k | $30.4m | -$29.6m |
Venus | $2.9m | $481.8k | $293.3k | $188.5k |
Aura Finance | $2.5m | $697.4k | $3.2m | -$2.5m |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
Lyra | $2.2m | $0 | $5.1k | -$5.1k |
MakerDAO | $1.9m | $1.9m | $188.0k | $1.7m |
Radiant Capital | $1.9m | $943.1k | $245.3k | $697.8k |
Compound | $1.8m | $185.0k | $1.0m | -$823.1k |
Morpho | $1.4m | $0 | $0 | $0 |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
MUX | $1.3m | $777.6k | $32.9k | $744.7k |
LooksRare | $1.2m | $1.2m | $979.6k | $220.2k |
Kwenta | $1.2m | $0 | $1.3m | -$1.3m |
Goldfinch | $1.2m | $121.8k | $277.1k | -$155.3k |
Solana | $1.1m | $569.7k | $48.9m | -$48.3m |
Avalanche | $1.1m | $1.1m | $26.5m | -$25.4m |
BendDAO | $1.0m | $312.6k | $702.1k | -$389.5k |
Stargate | $966.6k | $966.6k | $1.1m | -$100.0k |
Perpetual Protocol | $911.5k | $182.3k | $283.3k | -$101.1k |
Hop Protocol | $820.9k | $713.6k | $396.9k | $316.7k |
Tokenlon | $815.3k | $815.3k | $163.1k | $652.1k |
Cap | $789.5k | $621.7k | $0 | $621.7k |
Zora | $782.3k | $282.4k | $0 | $282.4k |
QuickSwap | $766.3k | $94.4k | $142.6k | -$48.2k |
CoW Protocol | $719.3k | $719.3k | $0 | $719.3k |
Mummy Finance | $716.1k | $286.4k | $1.8m | -$1.5m |
X2Y2 | $658.2k | $606.9k | $640.8k | -$33.9k |
Hegic | $627.9k | $627.9k | $0 | $627.9k |
StakeWise | $623.8k | $62.4k | $694.5k | -$632.1k |
Synapse | $613.4k | $613.4k | $581.5k | $31.8k |
Gamma Strategies | $595.5k | $85.7k | - | $85.7k |
Sonne Finance | $493.0k | $67.4k | $491.8k | -$424.4k |
Zyberswap | $462.5k | $59.0k | $1.3m | -$1.2m |
Premia | $409.5k | $21.1k | $110.8k | -$89.7k |
SuperRare | $396.4k | $260.4k | $0 | $260.4k |
SpookySwap | $385.4k | $57.8k | $403.4k | -$345.6k |
Ribbon Finance | $371.7k | $69.6k | $203.3k | -$133.7k |
Abracadabra.money | $362.9k | $362.9k | $218.1k | $144.8k |
Across | $348.2k | $0 | $145.9k | -$145.9k |
1inch | $307.2k | $307.2k | $49.9k | $257.3k |
Alchemix Finance | $303.4k | $303.4k | $143.0k | $160.4k |
Velodrome | $245.4k | $270.1k | $6.3m | -$6.1m |
Equalizer Exchange | $227.7k | $220.6k | $844.4k | -$623.8k |
Voltz | $226.1k | $0 | $0 | $0 |
Azuro | $210.2k | $10.5k | $0 | $10.5k |
BENQI | $206.0k | $40.1k | $261.0k | -$220.9k |
Bancor | $177.2k | $149.5k | $9.8k | $139.7k |
Liquity | $170.5k | $170.5k | $775.6k | -$605.1k |
DeFi Saver | $168.4k | $168.4k | $0 | $168.4k |
Dogecoin | $166.3k | $0 | $33.4m | -$33.4m |
Unipilot | $148.0k | $14.8k | $0 | $14.8k |
Thena | $143.1k | $136.0k | $2.5m | -$2.4m |
Sound.xyz | $133.1k | $7.0k | $0 | $7.0k |
ApeSwap | $129.0k | $41.0k | $417.0k | -$376.0k |
Mycelium | $126.4k | $37.9k | $10.3k | $27.6k |
Metavault.Trade | $123.6k | $37.1k | $239.6k | -$202.5k |
Decentral Games | $99.7k | $99.7k | $107.6k | -$7.8k |
SX | $97.9k | $97.9k | $71.8k | $26.1k |
NFTX | $97.1k | $16.7 | $0 | $16.7 |
Foundation | $94.2k | $80.7k | $0 | $80.7k |
Sudoswap | $94.0k | $13.9k | $0 | $13.9k |
BetSwirl | $86.4k | $86.4k | $0 | $86.4k |
Origin Protocol | $85.1k | $8.5k | $20.7k | -$12.2k |
IPOR Protocol | $81.2k | $1.8k | $551.7k | -$549.9k |
Index Cooperative | $66.6k | $66.6k | $84.9 | $66.5k |
Idle Finance | $66.6k | $6.9k | $3.9k | $3.0k |
DODO | $54.5k | $10.9k | $96.2k | -$85.3k |
SolidLizard | $53.5k | $71.1k | $1.6m | -$1.5m |
UniDex | $51.7k | $20.8k | $0 | $20.8k |
Lens Protocol | $45.1k | $0 | $0 | $0 |
MultiversX | $37.0k | $3.4k | $5.9m | -$5.9m |
Wombat Exchange | $35.8k | $17.9k | $574.6k | -$556.7k |
Litecoin | $34.9k | $0 | $19.9m | -$19.9m |
Zerion | $33.9k | $33.9k | $0 | $33.9k |
Clipper | $33.9k | $12.8k | $0 | $12.8k |
Instadapp | $33.8k | $33.8k | $0 | $33.8k |
The Graph | $33.5k | $7.3k | $3.7m | -$3.7m |
Livepeer | $27.5k | $0 | $993.3k | -$993.3k |
Tokemak | $24.7k | $24.7k | $197.4k | -$172.7k |
Notional Finance | $22.4k | $20.4k | $194.7k | -$174.3k |
Deri Protocol | $19.5k | $15.6k | $11.6k | $4.0k |
Vesta Finance | $15.7k | $15.7k | $13.8k | $1.9k |
Verse | $15.7k | $2.6k | $326.6k | -$323.9k |
Stellar | $13.4k | $13.4k | $0 | $13.4k |
PoolTogether | $13.1k | $0 | $160.5k | -$160.5k |
Reflexer | $11.9k | $11.9k | $26.4k | -$14.5k |
DFX Finance | $11.2k | $5.6k | $86.3k | -$80.7k |
Internet Computer | $10.2k | $10.2k | $16.8m | -$16.8m |
Tezos | $9.6k | $0 | $4.2m | -$4.2m |
Integral | $9.4k | $9.4k | $5.2k | $4.2k |
Connext | $8.9k | $0 | $0 | $0 |
Allbridge Core | $8.3k | $1.7k | $0 | $1.7k |
Thales | $7.5k | $7.5k | $239.5k | -$232.0k |
Rarible | $7.2k | $7.2k | $423.7 | $6.7k |
Toucan Protocol | $4.2k | $4.2k | $0 | $4.2k |
Solv Protocol | $4.1k | $4.1k | $0 | $4.1k |
Mean Finance | $3.8k | $944.0 | $0 | $944.0 |
Swarm | $3.0k | $0 | $7.4k | -$7.4k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Kleros | $1.9k | $0 | $16.8k | -$16.8k |
Ren | $1.7k | $0 | $0 | $0 |
Quix | $1.6k | $769.9 | $0 | $769.9 |
Mina Protocol | $1.5k | $0 | $7.7m | -$7.7m |
Saddle Finance | $476.5 | $0 | $1.1m | -$1.1m |
Zcash | $386.5 | $0 | $3.3m | -$3.3m |
Cryptex | $196.2 | $196.2 | $3.7k | -$3.5k |
Volmex | $53.0 | $53.0 | $0 | $53.0 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $8.8k | -$8.8k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $289.8k | $0 |