Data: 97% of DeFi projects failed to generate significant revenue, with only 32 projects earning over 2 million dollars in the past month

According to Dailycoin, DefiLlama data shows that among approximately 1,300 DeFi projects, as much as 97.6% of the projects failed to generate significant revenue, and the income distribution exhibits a clear power-law pattern.

Among them, stablecoin issuers and trading platforms dominate the leaderboard, with Tether at $490 million, Circle at $201 million, and Hyperliquid at $61 million.

In addition, only six protocols had revenues between $10 million and $50 million. In the past 30 days, only 32 projects (accounting for just 2.4% of the total) had revenues exceeding $2 million; the biggest losses were incurred by the MEV protocol Kairos Timeboost (loss of about $200,000) and the options platform Hegic (loss of about $23,000).