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BTC $71,386.77 -2.88%
ETH $1,990.64 -0.32%
BNB $692.52 -2.35%
XRP $1.30 -2.17%
SOL $80.90 -0.87%
TRX $0.3444 -1.32%
DOGE $0.1001 +0.88%
ADA $0.2308 -0.87%
BCH $290.67 -2.85%
LINK $9.06 +0.17%
HYPE $73.20 +6.31%
AAVE $80.59 -0.87%
SUI $0.8775 +0.03%
XLM $0.2527 +2.25%
ZEC $554.78 +1.91%

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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