DeFi Protocols Generated Record Revenue in May • Coinexc

Decentralized finance (DeFi) protocols built on Ethereum hit an all-time high in May, according to data from The Block.

defi protocols generated record revenue in May
Kaynak: The Block

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Uniswap topped the list with $153.9 million, 41.4% of total monthly DeFi protocol revenue of $371.6 million. Sushiswap had the next largest share at 20.3%, followed by Aave with 16.6%.

As expected, most of the revenue went to the supply side, namely those who provided liquidity to the protocols.

defi protocols generated record revenue in May 1
Kaynak: The Block

However, as noted in The Block’s ‘May in Numbers’ report, Ethereum broke records on some metrics. These include miner revenues as well as overall on-chain activity on the network.

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