According to ChainCatcher, The Block reported that the fee income earned by DeFi protocols in August fell 24.4% from July, hitting the lowest point since February this year.
August's fee revenue was significantly lower than July's $381.45 million and even lower than March's $494.14 million. However, last month's agreed fees were still higher than February's $265.18 million.
Fee amounts are often used to measure the popularity and usage of DeFi protocols. In the month, DeFi protocols (excluding the base layer) accumulated $288.38 million in fees. Lido had the highest fee income at $76.18 million, followed by Uniswap, Jito, and PancakeSwap.
