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BTC $79,093.42 -2.79%
ETH $2,220.07 -3.21%
BNB $672.75 -1.05%
XRP $1.44 -4.30%
SOL $89.29 -3.65%
TRX $0.3518 -0.64%
DOGE $0.1133 -2.20%
ADA $0.2610 -4.19%
BCH $425.33 -2.70%
LINK $10.05 -4.78%
HYPE $44.08 +0.28%
AAVE $92.75 -6.95%
SUI $1.09 -8.21%
XLM $0.1543 -5.75%
ZEC $515.79 -6.50%

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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