BlockBeats relayed on December 25 the 2023 decentralized finance (DeFi) protocol revenue rankings provided by Blockworks. Leading the ranking is Maker, posting an impressive revenue of approximately $95.91 million.
Following Maker, Lido earned the second position, generating $55.79 million in revenue. PancakeSwap secured the third spot with $52.31 million. Fourth and fifth on the list are Convex Finance and GMX, generating $42.23 million and $37.52 million, respectively. The revenue data is based on DeFiLlama's records as of December 13.
Worth mentioning is Uniswap Labs, which only began its revenue collection after implementing interface fees in October. According to estimations from Blockworks Research, Uniswap Labs' annualized revenue to date stands at $17.7 million.
