Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $180.6m | $155.2m | $95.0m | $60.2m |
Uniswap | $137.6m | $0 | $14.8 | -$14.8 |
Tron | $81.7m | $81.7m | $54.3m | $27.3m |
Lido Finance | $46.9m | $4.7m | $1.6m | $3.1m |
Bitcoin | $23.6m | $0 | $796.0m | -$796.0m |
BNB Chain | $20.0m | $2.0m | $0 | $2.0m |
GMX | $17.3m | $5.2m | $1.1m | $4.1m |
Convex Finance | $15.7m | $3.1m | $1.5m | $1.6m |
OpenSea | $9.2m | $2.0m | $0 | $2.0m |
Blur | $8.7m | $0 | $0 | $0 |
Arbitrum | $8.3m | $3.4m | $0 | $3.4m |
PancakeSwap | $7.9m | $2.5m | $20.8m | -$18.3m |
dYdX | $7.6m | $7.6m | $9.5m | -$1.9m |
Aave | $7.2m | $1.1m | $311.7k | $763.9k |
Level Finance | $7.2m | $3.9m | $5.9m | -$1.9m |
Flashbots | $5.3m | $36.4k | $0 | $36.4k |
Filecoin | $5.1m | $4.6m | $37.0m | -$32.4m |
Manifold.xyz | $4.5m | $87.5k | $0 | $87.5k |
Trader Joe | $4.5m | $66.6k | $127.8k | -$61.2k |
SushiSwap | $4.1m | $680.3k | $314.0k | $366.4k |
Synthetix | $3.7m | $3.7m | $3.7m | $33.5k |
Polygon | $3.7m | $2.2m | $18.0m | -$15.8m |
Venus | $3.6m | $667.1k | $292.0k | $375.2k |
Optimism | $3.3m | $785.1k | $30.2m | -$29.4m |
Aura Finance | $2.6m | $712.0k | $3.4m | -$2.7m |
Lyra | $2.5m | $0 | $5.1k | -$5.1k |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
QuickSwap | $2.1m | $215.5k | $142.4k | $73.1k |
CoW Protocol | $1.9m | $1.9m | $0 | $1.9m |
MakerDAO | $1.9m | $1.9m | $188.6k | $1.7m |
Radiant Capital | $1.9m | $941.1k | $268.5k | $672.7k |
Compound | $1.8m | $185.2k | $1.1m | -$898.6k |
Morpho | $1.4m | $0 | $0 | $0 |
Goldfinch | $1.4m | $139.8k | $284.6k | -$144.9k |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
Kwenta | $1.3m | $0 | $1.0m | -$1.0m |
LooksRare | $1.2m | $1.2m | $1.0m | $195.1k |
MUX | $1.2m | $745.4k | $25.8k | $719.6k |
Solana | $1.1m | $569.5k | $48.4m | -$47.8m |
BendDAO | $1.1m | $317.1k | $699.9k | -$382.8k |
Avalanche | $1.0m | $1.0m | $26.8m | -$25.7m |
Stargate | $948.7k | $948.7k | $1.1m | -$143.3k |
Perpetual Protocol | $903.7k | $180.7k | $326.8k | -$146.1k |
Zora | $824.7k | $319.6k | $0 | $319.6k |
Hop Protocol | $797.4k | $691.2k | $418.8k | $272.4k |
Cap | $795.2k | $641.4k | $0 | $641.4k |
Tokenlon | $792.2k | $792.2k | $2.1k | $790.1k |
Mummy Finance | $695.5k | $278.2k | $1.7m | -$1.5m |
X2Y2 | $671.4k | $615.0k | $688.2k | -$73.2k |
Gamma Strategies | $615.4k | $87.5k | - | $87.5k |
Hegic | $609.2k | $609.2k | $0 | $609.2k |
Synapse | $605.8k | $605.8k | $593.2k | $12.6k |
StakeWise | $605.6k | $60.6k | $772.7k | -$712.2k |
Sonne Finance | $497.9k | $68.2k | $487.8k | -$419.6k |
Zyberswap | $464.8k | $60.2k | $1.4m | -$1.4m |
SuperRare | $403.6k | $265.4k | $0 | $265.4k |
Premia | $402.6k | $21.0k | $112.2k | -$91.2k |
SpookySwap | $395.8k | $59.4k | $418.5k | -$359.1k |
Ribbon Finance | $371.7k | $69.6k | $203.3k | -$133.7k |
Abracadabra.money | $360.6k | $360.6k | $217.5k | $143.1k |
Across | $343.8k | $0 | $141.7k | -$141.7k |
Alchemix Finance | $303.4k | $303.4k | $818.9k | -$515.4k |
1inch | $296.6k | $296.6k | $53.2k | $243.4k |
Velodrome | $249.3k | $270.1k | $6.3m | -$6.1m |
Voltz | $242.4k | $0 | $0 | $0 |
Equalizer Exchange | $234.3k | $220.6k | $905.9k | -$685.3k |
Azuro | $205.7k | $10.3k | $0 | $10.3k |
BENQI | $203.6k | $39.7k | $261.8k | -$222.2k |
Bancor | $184.8k | $156.0k | $9.4k | $146.5k |
DeFi Saver | $173.6k | $173.6k | $0 | $173.6k |
Liquity | $164.0k | $164.0k | $771.3k | -$607.2k |
Unipilot | $155.3k | $15.5k | $0 | $15.5k |
DODO | $145.8k | $29.2k | $109.9k | -$80.7k |
Dogecoin | $145.1k | $0 | $33.2m | -$33.2m |
Thena | $143.5k | $136.1k | $4.2m | -$4.1m |
Sound.xyz | $133.9k | $7.0k | $0 | $7.0k |
ApeSwap | $128.9k | $41.0k | $420.8k | -$379.8k |
Metavault.Trade | $122.1k | $36.6k | $248.6k | -$212.0k |
Mycelium | $117.8k | $35.4k | $8.1k | $27.3k |
NFTX | $109.2k | $16.7 | $0 | $16.7 |
Decentral Games | $101.4k | $101.4k | $108.0k | -$6.6k |
SX | $100.0k | $100.0k | $72.1k | $27.9k |
Sudoswap | $99.5k | $14.9k | $0 | $14.9k |
Foundation | $94.9k | $81.3k | $0 | $81.3k |
BetSwirl | $92.6k | $92.6k | $0 | $92.6k |
Origin Protocol | $84.8k | $8.5k | $21.0k | -$12.5k |
IPOR Protocol | $79.3k | $1.9k | $593.6k | -$591.8k |
Idle Finance | $66.6k | $6.9k | $3.9k | $3.0k |
Index Cooperative | $66.4k | $66.4k | $84.9 | $66.3k |
SolidLizard | $57.0k | $71.1k | $2.1m | -$2.0m |
UniDex | $49.5k | $19.8k | $0 | $19.8k |
Lens Protocol | $45.4k | $0 | $0 | $0 |
Instadapp | $41.5k | $41.5k | $0 | $41.5k |
MultiversX | $37.2k | $3.4k | $5.9m | -$5.9m |
Wombat Exchange | $36.8k | $18.4k | $562.1k | -$543.8k |
Litecoin | $34.8k | $0 | $19.8m | -$19.8m |
Clipper | $33.8k | $12.7k | $0 | $12.7k |
Zerion | $33.6k | $33.6k | $0 | $33.6k |
The Graph | $33.2k | $7.3k | $3.8m | -$3.8m |
Livepeer | $27.7k | $0 | $951.5k | -$951.5k |
Notional Finance | $25.0k | $22.7k | $200.5k | -$177.8k |
Deri Protocol | $21.2k | $16.9k | $12.3k | $4.7k |
Tokemak | $19.9k | $19.9k | $196.9k | -$177.0k |
Vesta Finance | $15.6k | $15.6k | $13.6k | $1.9k |
Verse | $15.3k | $2.6k | $327.1k | -$324.5k |
Stellar | $13.2k | $13.2k | $0 | $13.2k |
PoolTogether | $12.9k | $0 | $161.1k | -$161.1k |
DFX Finance | $12.8k | $6.4k | $85.7k | -$79.3k |
Reflexer | $12.3k | $12.3k | $26.9k | -$14.6k |
Internet Computer | $10.1k | $10.1k | $16.7m | -$16.7m |
Tezos | $9.7k | $0 | $4.2m | -$4.2m |
Integral | $9.2k | $9.2k | $5.4k | $3.8k |
Connext | $9.0k | $0 | $0 | $0 |
Allbridge Core | $9.0k | $1.8k | $0 | $1.8k |
Thales | $7.4k | $7.4k | $223.9k | -$216.5k |
Rarible | $7.2k | $7.2k | $394.1 | $6.8k |
Toucan Protocol | $4.3k | $4.3k | $0 | $4.3k |
Solv Protocol | $4.1k | $4.1k | $0 | $4.1k |
Mean Finance | $3.8k | $939.9 | $0 | $939.9 |
Swarm | $3.1k | $0 | $7.8k | -$7.8k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Kleros | $1.9k | $0 | $17.1k | -$17.1k |
Ren | $1.8k | $0 | $0 | $0 |
Quix | $1.6k | $768.7 | $0 | $768.7 |
Mina Protocol | $1.5k | $0 | $7.7m | -$7.7m |
Saddle Finance | $474.5 | $0 | $1.1m | -$1.1m |
Zcash | $389.4 | $0 | $3.3m | -$3.3m |
Cryptex | $196.2 | $196.2 | $4.2k | -$4.0k |
Volmex | $52.9 | $52.9 | $0 | $52.9 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $8.2k | -$8.2k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $290.3k | $0 |