Top DeFi protocols generated $252 million in revenue for token holders and users in April

$252 million — that's how much revenue the decentralized finance (DeFi) ecosystem's top protocols generated during the month of April, according to The Block's Data Dashboard.

Of that amount, DEX protocol Uniswap generated $113.66 million. The revenue generated by DeFi protocols covers what is earned by both token holders as well as users of the protocol, including liquidity providers.

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By comparison, protocols Compound, SushiSwap and Ave generated $46.08 million, $35.23 million, $24.72 million, respectively.

The Block Research's protocol revenue methodology can be found here.