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ZEC $1,149.65 -1.43%
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GOOGL $350.19 -1.30%
MSFT $538.79 +0.09%
META $735.77 -1.05%
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TSLA $363.82 -1.00%
SNDK $1,363.83 -4.61%
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SPCX $148.82 -3.56%
MU $912.77 -2.57%
AMD $547.20 -5.86%

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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