Golden Finance reported that, according to data from Token Terminal, in December 2024, the five major DeFi protocols generated $158 million, with four of them reaching historical monthly revenue highs. Among them, Ethena led with a December revenue of $56.9 million, setting a historical record. Additionally, 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 is 13% of its $304 million in 2024. The new revenue record is less than $1 million off from the previous record set in January 2022. DEX Aerodrome on Base earned approximately $38 million in December, also setting a historical high, exceeding the previous high by over $5 million, which corresponds to 15.6% of the protocol's $243.6 million revenue in 2024. During the period from November to December last year, Aave's revenue surged by over $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 monthly revenue high, with December revenue of $9.6 million, corresponding to 9.3% of the protocol's $103.6 million revenue in 2024.