Aave

Maker

Defi

<div class="cryptonews">
 <p class="is-style-lead">Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell.</p>
 <p>According to data provided by Defi Llama, Maker Protocol generated $14.22 million in <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> — also collected the same amount in fees — in the past 30 days. However, The DAI stablecoin generator’s TVL witnessed a 6.3% decline in the same timeframe, falling to $7.98 billion.</p>
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   Defi protocols’ <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> – Jan. 30 | Source: Defi Llama
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 <p>The leading defi protocol, Lido Finance, with a $21.8 billion TVL, accumulated $71.11 million in fees, per the data aggregator. The liquid staking protocol generated $7.11 million in <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a>, 50% less than the Maker Protocol.&nbsp;</p>
 <p>Moreover, the decentralized wallet platform, MetaMask, comes third with $6.37 million generated in revenue and fees over the past month. Interestingly, the amount of MetaMask’s monthly average fees over the past year is $60.31 million, showing an 89.5% plunge in January.&nbsp;</p>
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 <p>The leading lending protocol, Aave, witnessed a 0.16% rise in its TVL over the past 30 days, currently hovering around $6.91 billion with $19.93 million collected in fees. Per Defi Llama, Aave generated $5.94 million in <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a>.&nbsp;</p>
 <p>On Jan. 18, Aave Labs, the company behind the defi protocol, proposed a new governance plan to integrate the GHO stablecoin across different blockchains which could potentially increase the asset’s utility and liquidity.</p>
 <p>The popular decentralized exchange (DEX) dYdX made it to this list despite an 18.46% decline in its TVL over the past 30 days — dropping to $289.6 million. According to Defi Llama, the DEX generated $4.99 million in <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> in January.&nbsp;</p>
 <p>It’s important to note that the Ethereum blockchain tops the chart with a $171.52 million <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> in the past 30 days. Per the data aggregator, Ethereum’s monthly average <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> over the past year stands at $119.89 million — showing a 43.1% increase this month.</p>
 <p>The global defi TVL has also been constantly increasing over the past week — rising from $54 billion on Jan. 23 to $58 billion at the time of writing. The surge comes as the crypto market gains momentum after two weeks of constant declines that came after the Bitcoin (BTC) ETF approvals.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/maker-generates-14m-in-revenue-ethereum-s-earnings-surge-tbt78193.html">https://thebittimes.com/maker-generates-14m-in-revenue-ethereum-s-earnings-surge-tbt78193.html</a></p>

Maker generates $14m in revenue, Ethereum’s earnings surge

TheBitTimes

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