Top 10 DeFi dApps generating an average of $4.8 billion in annual fees
The total fees generated by the top 10 DeFi dApps track through DefiLlama amounts to $4.8 billion annually, based on activity in the last 24 hours. Last day, $13.15 million in fees were generated across staking, dex, lending, and wallets.
| name | category | 24 hour fee | 24 hours profit |
|---|---|---|---|
| lido | Liquid Staking | $3.38 million | $337,749 |
| Uniswap | dex | $2.62 million | $0 |
| Pancake Swap | dex | 2.1 million dollars | $426,372 |
| curve finance | CDP | $1.54 million | $659,343 |
| ghost | loan | $1.2 million | $172,860 |
| maker | CDP | 1.08 million dollars | $545,105 |
| radium | dex | 1.01 million dollars | $124,524 |
| trader joe’s | dex | $623,784 | $69,357 |
| metamask | wallet | $391,846 | $391,846 |
| Camelot | dex | $271,722 | $63,802 |
However, the previous day’s total profit was $2.78 million, which is only 21% of the total commission.
Lido ranks first in commission generation, while Curve remains first in revenue, followed closely by Maker and Lido. Two of the largest gaps between fees and revenue can be seen at Aave and Raydium, which generated over $1 million in fees in the past day. Nonetheless, profits were $172,860 and $124,524, respectively.
Notably, Uniswap ranks second in fee generation, but because Uniswap facilitates fee collection, DefiLlama reports $0 in revenue. However, these fees are not retained as revenue for the protocol. Instead, fees increase the value of liquidity tokens, which are paid out to all liquidity providers in proportion to their pool shares.
There has been discussion and proposals within the Uniswap community regarding the implementation of a “protocol fee” that could be enabled by UNI governance. This fee allows the Uniswap protocol to make money by taking a portion of the swap fees that are passed on to liquidity providers.
This poll was a first-stage ‘temperature check’ and passed with a ratio of 55 million to 144, meaning that the upgrade has not yet occurred. Therefore, Uniswap does not record this as revenue.
Currently, the total market capitalization of the DeFi market is $101 billion. CryptoSlate The sector is up 5% over the past day, according to the data. DeFi’s market capitalization resurgence has yet to reach its 2021 peak, according to DefiLlama data. However, volume has increased equally, showing a more consistent trend. After starting the year at close to $5 billion, volume around $10 billion has become commonplace over the past month.
The post Top 10 DeFi dApps Generating an Average of $4.8 Billion in Fees Each Year appeared first on CryptoSlate.
