market sentiment has crushed 99% of token pricesâŠbut thatâs exactly where some gems start looking undervalued
revenue-generating protocols that actually share value back to holders are becoming increasingly attractive - even for funds that usually avoid the noise.
we've seen many unsustainable projects which either:
1) do not have the intention to distribute
2) struggle to reach the point to do so
believe that the moment of seasoned ones is lining up
âą @SolvProtocol has garnered institutional interest quite well in the BTC scene
âą @aave acquiring Stable reflects the move to capture retail mass market, which could drive more liquidity and revenues into crypto (particularly Aave)
âą @HyperliquidX continues to gain favour in its community with a high buyback % (and now even HIP for greater support)
@pendle_fi has driven considerable value to its vePENDLE believers + tokenomics tweaks which could unlock more value for $PENDLE
which of these projects are you fond of? đ
S:
@HyperliquidX: Hyperliquid consistently prints tens of millions in monthly revenue, with almost 100% of it flowing directly to HYPE holders through buybacks and AF. One of the cleanest models in crypto.
@JupiterExchange: Jupiter is now a top revenue engine on Solana, pushing multi-million monthly fees into JUP staking and JLP LPs. Clear fee flow & real tokenholder value providing.
@SkyEcosystem: Sky is currently doing around $10M in monthly protocol revenue, with most of that of that flowing to users via the Sky Savings Rate (SSR) and sUSDS.
@ether_fi: EtherFi consistently delivers multi-million monthly revenue mostly from ETH restaking (Cash product growing), with a meaningful share flowing to weETH stakers. Itâs the cleanest LRT revenue â users loop in this sector.
@CurveFinance: Curve still captures solid low 7-figs revenue and distributes the most through veCRV, gauges, and LP incentives. Revenue isnât explosive, but the value path to users is clear.
@OREsupply: ORE vaults have been generating steady six-figure monthly revenues across BTC yield strategies, and depositors directly benefit from these real yield flows. Gud user-first cashflow design.
A:
@dYdX: dYdX generates seven-figure monthly fees, and V4 routes a part revenue to stakers, just less aggressively than the S tier projects. Still a strong model with tokenholder value.
@pendle_fi: Pendle generates ~$2m monthly revenue with ~80% going directly to vePENDLE lockers. Itâs one of cryptoâs cleanest yield engines.
@SolvProtocol: Solvâs BTC vaults and structured yield products generate consistent six-figure monthly protocol revenue shared with depositors. High potential, strong fundamentals.
@aave: Aave earns multi-million monthly revenue across its lending markets, with a smaller portion flowing to holders. Basically a huge business with moderate tokenholder capture.
@Raydium: Raydium captures high Solana DEX activity with consistent six-figure monthly fees, mainly rewarding LPs. Solid and proven revenue engine, just smaller than JUP.
B:
@VelodromeFi: Velodrome generates mid six-figure monthly revenue, with veVELO holders receiving the biggest slice via emissions and bribes. Strong model, but smaller numbers.
@QuickswapDEX: QuickSwap captures steady volume as a leader on Polygon with six-figure fee flows to LPs. Gud tek, but at a lower scale than Uniswap, Raydium, Jupiter, etc.
@etherexfi: EtherEX collects consistent fees from LRT + restaking strategies and redistributes them to participants. Solid early revenue traction, but not yet a major player.
@GMX_IO: GMX V2 still steadily generates mid six-figure monthly revenue for GLP and GMX stakers. Proven fee model, but market share has dropped with new perps protocols emerging.
C:
@RenzoProtocol: Renzo earns modest revenue from its LRT operations and uses a smaller portion for buybacks/staker rewards. Good design, the numbers are still in the low 6-figs.
@orca_so: Orca collects consistent but small DEX fees on Solana. Good product but limited revenue numbers.
@LFJ_gg: LFJ generates some structured yield and restaking income, but volumes and fee capture have been decreasing and lagging for the past months.
@GainsNetwork_io: Gains does sub-million monthly perps revenue, a portion of which goes to GNS stakers. Real money, but significantly smaller than top players.
D:
@MYX_Finance: MYX had billions in perp volume over the last month but generated only $16â17k in protocol revenue, with ~$280 going to stakers as holders revenue.
@synthetix: Synthetix today is only generating about $1k of protocol revenue over the last 30 days. It used to be a huge rev machine, but right now the current revenue stream is tiny.
@Frax: Frax generates conservative mid 5-figures in revenue, while most of it is shared with tokenholders, I don't see signs it can compete in the big league.
@Tether_to: USDT reserves generate hundreds of millions per month in income. Zero distribution to stablecoin holders â fck them. D tier.
What protocol did I miss?
Hope you enjoyed this post and found some new VALUABLE information.
If you wanna support me, I'd appreciate a like, reply, and RT <3
11,59Â k
12
Le contenu de cette page est fourni par des tiers. Sauf indication contraire, OKX nâest pas lâauteur du ou des articles citĂ©s et ne revendique aucun droit dâauteur sur le contenu. Le contenu est fourni Ă titre dâinformation uniquement et ne reprĂ©sente pas les opinions dâOKX. Il ne sâagit pas dâune approbation de quelque nature que ce soit et ne doit pas ĂȘtre considĂ©rĂ© comme un conseil en investissement ou une sollicitation dâachat ou de vente dâactifs numĂ©riques. Dans la mesure oĂč lâIA gĂ©nĂ©rative est utilisĂ©e pour fournir des rĂ©sumĂ©s ou dâautres informations, ce contenu gĂ©nĂ©rĂ© par IA peut ĂȘtre inexact ou incohĂ©rent. Veuillez lire lâarticle associĂ© pour obtenir davantage de dĂ©tails et dâinformations. OKX nâest pas responsable du contenu hĂ©bergĂ© sur des sites tiers. La dĂ©tention dâactifs numĂ©riques, y compris les stablecoins et les NFT, implique un niveau de risque Ă©levĂ© et leur valeur peut considĂ©rablement fluctuer. Examinez soigneusement votre situation financiĂšre pour dĂ©terminer si le trading ou la dĂ©tention dâactifs numĂ©riques vous convient.