Data: DeFi protocol fee revenue decreased by 24% in August

2024-09-02 17:40:27

Collection

ChainCatcher news, according to The Block, the fee revenue earned by DeFi protocols in August decreased by 24.4% compared to July, reaching the lowest point since February of this year.

The fee revenue in August was significantly lower than July's $381.45 million, and even far below March's $494.14 million. However, last month's protocol fees were still higher than February's $265.18 million.

Fee amounts are typically used to measure the popularity and usage of DeFi protocols. In that month, the cumulative fees for DeFi protocols (excluding the base layer) amounted to $288.38 million. Lido had the highest fee revenue at $76.18 million, followed by Uniswap, Jito, and PancakeSwap.

(Source Link)

Related tags

Lido DeFi protocol fee income

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.