Top DeFi protocols generated $252 million in revenue for token holders and users in April
May 3, 2021, 3:28PM EDT
1 min read
$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.
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.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.