Decentralized finance (DeFi) protocols have already earned over $20 million extra this month than in January, making February the most important month ever for DeFi income technology.
In line with information compiled by The Block, in February, DeFi protocols have generated $171.5 million in DeFi income — a 14.4% improve in contrast with January’s $149.9 million. On the time of writing, Uniswap accounted for 43.6% of that income, whereas 20.9% went to SushiSwap and 15.9% to Compound.
The Block Analysis found that every one DeFi protocols besides Balancer had document month-to-month revenues. A lot of the income went to lenders, liquidity suppliers, or others on the provision aspect. The following largest portion went to protocol homeowners, together with builders and others who maintain tokens.
Lastly, individuals in protocol referral applications additionally acquired a small slice of the entire DeFi income. At present, solely a few protocols — together with Kyber Community, Aave and the DEX aggregator 1inc — have referral applications. However extra protocols are anticipated so as to add referral applications sooner or later