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

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Maker Protocol tops the checklist by way of income generated over the previous month as Complete Worth Locked within the protocol witnesses swell.

In accordance with information offered by Defi Llama, Maker Protocol generated $14.22 million in income — additionally collected the identical quantity in charges — prior to now 30 days. Nonetheless, The DAI stablecoin generator’s TVL witnessed a 6.3% decline in the identical timeframe, falling to $7.98 billion.

Maker generates $14m in revenue, Ethereum’s earnings surge - 1
Defi protocols’ income – Jan. 30 | Supply: Defi Llama

The main defi protocol, Lido Finance, with a $21.8 billion TVL, collected $71.11 million in charges, per the info aggregator. The liquid staking protocol generated $7.11 million in income, 50% lower than the Maker Protocol. 

Furthermore, the decentralized pockets platform, MetaMask, comes third with $6.37 million generated in income and costs over the previous month. Apparently, the quantity of MetaMask’s month-to-month common charges over the previous yr is $60.31 million, exhibiting an 89.5% plunge in January. 

The main lending protocol, Aave, witnessed a 0.16% rise in its TVL over the previous 30 days, at present hovering round $6.91 billion with $19.93 million collected in charges. Per Defi Llama, Aave generated $5.94 million in income. 

On Jan. 18, Aave Labs, the corporate behind the defi protocol, proposed a new governance plan to combine the GHO stablecoin throughout completely different blockchains which might probably enhance the asset’s utility and liquidity.

The favored decentralized change (DEX) dYdX made it to this checklist regardless of an 18.46% decline in its TVL over the previous 30 days — dropping to $289.6 million. In accordance with Defi Llama, the DEX generated $4.99 million in income in January. 

It’s essential to notice that the Ethereum blockchain tops the chart with a $171.52 million income prior to now 30 days. Per the info aggregator, Ethereum’s month-to-month common income over the previous yr stands at $119.89 million — exhibiting a 43.1% enhance this month.

The worldwide defi TVL has additionally been always rising over the previous week — rising from $54 billion on Jan. 23 to $58 billion on the time of writing. The surge comes because the crypto market features momentum after two weeks of fixed declines that got here after the Bitcoin (BTC) ETF approvals. 

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