BTC $78,497.71 -0.39%
ETH $2,465.82 -0.50%
BNB $689.94 -1.21%
XRP $1.37 -2.08%
SOL $103.45 -2.93%
TRX $0.3327 -2.25%
DOGE $0.0829 -2.81%
ADA $0.1963 -3.74%
BCH $246.19 -2.43%
LINK $11.32 -2.40%
HYPE $81.58 -2.30%
AAVE $124.19 -1.54%
SUI $0.7229 -3.32%
XLM $0.1763 -2.20%
ZEC $833.38 -2.91%
BTC $78,497.71 -0.39%
ETH $2,465.82 -0.50%
BNB $689.94 -1.21%
XRP $1.37 -2.08%
SOL $103.45 -2.93%
TRX $0.3327 -2.25%
DOGE $0.0829 -2.81%
ADA $0.1963 -3.74%
BCH $246.19 -2.43%
LINK $11.32 -2.40%
HYPE $81.58 -2.30%
AAVE $124.19 -1.54%
SUI $0.7229 -3.32%
XLM $0.1763 -2.20%
ZEC $833.38 -2.91%

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

2025-04-06 08:11:22

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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