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ETH $1,593.01 -9.38%
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SOL $64.68 -5.23%
TRX $0.3205 -2.12%
DOGE $0.0828 -5.13%
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BCH $214.52 -11.91%
LINK $7.43 -6.74%
HYPE $60.75 -4.99%
AAVE $63.00 -10.62%
SUI $0.7282 -4.08%
XLM $0.2038 +1.94%
ZEC $386.11 -11.91%

In March, DeFi revenues generally halved, with only MakerDAO achieving growth

2025-04-06 08:11:22
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ChainCatcher news, according to The block, the revenue of most mainstream DeFi protocols on Solana, Ethereum, and BNB Chain fell by more than 50% month-on-month in March, reflecting an overall slowdown in on-chain activity and trading volume. The total revenue of Solana protocols was approximately $42 million, a decrease of 55%; PancakeSwap on BNB Chain generated $21 million, down 54%; the total revenue of protocols on Ethereum such as Ethena, Lido, and Aave was $24.5 million, a decline of over 52%. The only protocol that saw growth was MakerDAO (now known as Sky), with a revenue of $10 million in March, an increase of 11% month-on-month. DeFi token performance was similarly weak, with GMCI's GMDEFI index down 40% year-to-date.

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