The realm of decentralized finance (DeFi) is witnessing some prominent players make significant revenue contributions, as revealed by a recent ranking from data provider Token Terminal.
Topping the list, Ethereum (ETH) has posted a stellar 30-day revenue of $370.6 million as of Monday. Tron (TRX), the blockchain network helmed by Justin Sun, took the second spot, bringing in a commendable $84.8 million in the same period. Lido Finance (LDO), a known staking provider, found its place in the third position with a 30-day revenue tallying to $6.1 million.
This data underscores the dominant position of Ethereum in the DeFi ecosystem, while also highlighting the significant roles of newer entrants like Tron and Lido Finance.
While the raw revenue numbers are indeed impressive, it’s the substantial growth in 30-day revenue for both Ethereum and Lido Finance that truly stands out.
Among the most recognized names in the DeFi arena, Ethereum and Lido Finance are currently leading in terms of 30-day revenue growth trends. Specifically, Ethereum witnessed a surge of 81.9%, while Lido Finance followed with a 23.8% increase.
Broadening the lens to a 180-day perspective underscores Ethereum’s continued dominance in the DeFi space. In this extended timeframe, Ethereum amassed an astounding $1 billion in revenue, further solidifying its preeminent position in the market.
Over the 180-day span, Lido Finance clinched the 6th spot with revenues hitting $25.1 million. This places it just a notch below notable projects such as the NFT marketplace OpenSea and the decentralized exchange GMX.
As of Monday, the aggregate value secured within the Ethereum network, often referred to as the total value locked (TVL), was a whopping $27.9 billion. Notably, Lido Finance accounted for nearly half of this amount. According to data sourced from DefiLlama, Lido Finance’s individual TVL stood at a staggering $13.1 billion.
In terms of cryptocurrency valuation, Ethereum (ETH) saw a boost of approximately 3.2% over the last 24 hours, positioning its trading price close to the $1,900 mark, as of the latest report on Monday. This denotes a 5% surge over the past week. However, when observed on a 30-day scale, its price movement appears relatively stagnant, as per data from CoinGecko.