Odaily Planet Daily News According to Token Terminal data, in December 2024, the five major DeFi protocols generated $158 million, four of which set a new historical monthly revenue record. Among them, Ethena led with a December revenue of $56.9 million, setting a historical high. Moreover, this amount accounted for nearly 25% of its total revenue of $230.8 million last year. Sky (formerly Maker) also set a historical high for monthly revenue, generating nearly $40 million last month, which accounted for 13% of its $304 million revenue in 2024. The new revenue record is less than $1 million away from the previous record set in January 2022. The DEX Aerodrome on Base achieved approximately $38 million in revenue in December, also setting a historical high, exceeding the previous high by more than $5 million, which is equivalent to 15.6% of the protocol's $243.6 million revenue in 2024. From November to December last year, Aave's revenue surged by more than $3 million, reaching $13.6 million. This monthly revenue set a historical high, accounting for 16.7% of last year's total revenue of $81.4 million. Lido is the only DeFi application among these that did not set a historical high for monthly revenue, with December revenue of $9.6 million, equivalent to 9.3% of the protocol's $103.6 million revenue in 2024.