February 24, 2021, 8:51AM EST
• 9 min read

DeFi protocols' revenues

Quick Take

  • Many DeFi protocols are generating revenue successfully.
  • Most of the revenue still goes to the protocols’ supply-side, although with new initiatives such as liquidity mining, this share is starting to decline.
  • All protocols except Balancer had record monthly revenues in the first two months of 2020.

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