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ETH $2,411.78 +3.17%
BNB $640.14 +2.76%
XRP $1.48 +3.36%
SOL $89.43 +4.06%
TRX $0.3246 -0.64%
DOGE $0.1007 +3.78%
ADA $0.2633 +4.04%
BCH $454.51 +2.95%
LINK $9.72 +3.75%
HYPE $44.52 -0.73%
AAVE $116.93 +8.31%
SUI $1.02 +4.40%
XLM $0.1723 +5.96%
ZEC $344.31 -0.27%

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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