Top 13 DeFi Projects That Actually Have Revenue in 2020

Top 13 DeFi Projects That Actually Have Revenue in 2020

By D3F1 | DeFi Box | 9 Nov 2020


With Bitcoin booming toward $16,000, some people say that the prime time of DeFi is over. All that has changed is that Bitcoin has taken the spotlight, leaving not much space for DeFi.

Lots of DeFi Dapps are still running smoothly, and a large group of them are earning sizeable revenue for those involved.

Following is a list of the top DeFi projects that are making revenue in 2020 accompanied by their annualized revenue.

1. Uniswap - $320M

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Uniswap Exchange was launched in November 2018 and has since managed to gain an annual revenue rate of $320 million. This is achieved by taking a 0.3% fee from an annualized gross volume of $107 billion. The project is now holding a market cap value of $2.67 billion and currently has a price fluctuating between $2.50 and $2.80 per $UNI

Uniswap saw a strong performing month during September 2020 and earned over $41 million from fees. The revenue has since dropped slightly in October as they earned $29.1 million.

2. Compound Finance - $52.8M

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Compound Finance was launched in September 2018 and has since managed to gain an annual revenue rate of $52.8 million. This is achieved by taking a 4.15% take fee from an annualized gross volume of $1.27 billion. Compound Finance is now holding a market cap of $968 million, and the price of the $COMP token is currently fluctuating between $90 and $100.

Compound Finance's revenue started to increase rapidly in June 2020, where it earned $2.61 million that month alone. The revenue has since grown as the protocol earned $4.12 million in October.

 

3. MakerDAO - $28M


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MakerDAO launched in December 2017 and has since managed to gain an annual revenue rate of $28 million. This is achieved by taking a 3% taker fee from an annualized gross volume of $907 million. The project is now holding a market cap value of $525 million and currently has a price per $MKR fluctuating between $500 and $550. 

Maker also saw a solid performance in October as the protocol generated $2.43 million in revenue. This is up from the $797 thousand it generated in September.

4. SushiSwap - $26.9M

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SushiSwap Exchange was launched in September 2020 and has since managed to gain an annual revenue rate of $26.9 million. This is achieved by taking a 0.3% fee from an annualized gross volume of $8.97 billion. The project is now holding a market cap value of $59 million and currently has a price of $SUSHI  fluctuating between $0.60 and $0.70

The protocol earned its highest revenue in September 2020 when it launched. It earned $6.93 million in revenue during September and dropped in October to earn $2.66 million.

5. Curve - $22.1M

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Curve Finance was launched in January 2020 and has since managed to gain an annual revenue rate of $22.1 million. This is achieved by taking a 0.04% fee from an annualized gross volume of $53.3 billion. The project is now holding a market cap value of $1.51 billion and currently has a price fluctuating between $0.4 and $0.5

Curve started to limb in revenue earned during the summer months and went on to achieve its highest income during September, in which it churned out $1.99 million. In October, the revenue dropped slightly to $1.83 million.

6. Balancer - $19.1M

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Balancer Exchange was launched in June 2020 and has since managed to gain an annual revenue rate of $19.1 million. This is achieved by taking a 0.57% fee from an annualized gross volume of $3.33 billion. The project is now holding a market cap value of $1 billion and currently has a price of around $10

The revenue started to increase on Balancer in August 2020 as the defi exploded, when it earned $6 million. Its revenue increased in September as it made $7.73 million from fees. However, the revenue has dropped drastically to just $2.55 million in October. 

7. Aave - $11.1M

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Aave was launched in November 2017 (as ethLEND) and has since managed to gain an annual revenue rate of $11.1 million. This is achieved by taking a ~4.26% taker fee from an annualized gross volume of $261 million. The project is now holding a market cap value of $637 million and currently has a price of around $0.5

The protocol started to earn increased revenue during June, July, and August 2020. It went on to earn $1.49 million in revenue during September. This has since dropped slightly to $923K in October.

8. Ren - $5.65M

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Ren was launched in May 2020 and has since managed to gain an annual revenue rate of $5.65 million. This is achieved by taking a 0.18% fee from an annualized gross volume of $3.17 billion. The project is now holding a market cap value of $302 million and currently has a price fluctuating around $0.3 per $REN

Ren earned $322K in revenue during August. The revenue increased to $459K in September and $393K during October.

9. Kyber - $4.27M

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Kyber Network was launched in February 2018 and currently has an annual revenue rate of $4.27 million. This is achieved by taking a 0.2% fee from an annualized gross volume of $2.13 billion. The project is now holding a market cap value of $181 million and currently has a price of its native $KNC token fluctuating between $0.77 and $0.85

Its revenue started growing in July when it earned $529K in revenue. This increased during August and September, in which it made $821K and $859K , respectively. The revenue dropped to $379K in October.

10. Synthetix - $2M

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Synthetix Network was launched in December 2018 and has since managed to gain an annual revenue rate of $2 million. This is achieved by taking a 0.3% fee from an annualized gross volume of $668 million. The project is now holding a market cap value of $873 million and currently has a price fluctuating between $4.00 and $4.30

Synthetic Network was earning its highest revenue during December 2019 ($869 thousand), January 2020 ($1 million), and February 2020 ($811 thousand). The revenue dropped throughout the following months and started to pick back up in July 2020 when it earned $436 thousand. The protocol earned $687 thousand in September, but this dropped to $182 thousand in October - much lower than the peak months earlier in the year.

11. Bancor - $1.11M

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Bancor Network was launched in September 2017 and has since managed to gain an annual revenue rate of $1.11 million. This is achieved by taking a 0.3% fee from an annualized gross volume of $371 million. The project is now holding a market cap value of $46 million and currently has a price fluctuating between $0.6 and $0.7 per $BNT

The revenue started to increase for Bancor during May when it earned $116K. The revenue peaked during July, in which it earned $304K. The revenue dropped to $118K in October.

12. 0x - $382K

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0x was launched in August 2017 and has since managed to gain an annual revenue rate of $382K. This is achieved by taking a small fee from an annualized gross volume of $16.7 billion. The project is now holding a market cap value of $363 million and currently has a price of $ZRX fluctuating between $0.35 and $0.38

0x also benefited from the DeFi summer as it earned $102K in revenue during August. The revenue surged higher in September as it earned $113K, but it dropped lower in October to earn just $32.6K.

13. Loopring - $139K

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Loopring was launched in June 2017 and has since managed to gain an annual revenue rate of $139K. This is achieved by taking a small 0.1% taker fee from an annualized gross volume of $139 million. The project is now holding a market cap value of $208 million and currently has a price of $LRC fluctuating between $0.14 and $0.16. Its own DEX - Loopring.io gave a major boost to the protocol's earnings. 

Loopring revenue was increasing during the summer after it earned $18.1K in July. It went on to earn $21.3K during September, but this fell to $11.2K thousand in October.


D3F1
D3F1

Yet another defi fan


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