• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive

Jon Hartney by Jon Hartney
July 15, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market.

At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional.

As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found on protocols that generate revenue and share some of it with their respective communities.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Platforms that earn real yield through useage fees are the obvious winner in the bear market, That mean perpetuals and options as they are profitable bear or bull. Thats why #GMX is hot, #snx fees up massively and #eth is just a no brainer.

— Collingwood.lens (@Fraxima1ist) July 13, 2022

Let’s take a look at some of the protocols that continue to thrive in the current down market.

DeFi might be dead, but platforms with revenue will thrive

Data from Token Terminal shows revenue positive platforms are primarily the nonfungible token (NFT) marketplaces like LooksRare and OpenSea.

Top dapps based on cumulative protocol revenue in the past 180 days. Source: Token Terminal

Aside from a few select protocols including MetaMask, Decentral Games, Axie Infinity and Ethereum Name Service, the majority of the remaining protocols with the highest revenue are decentralized finance platforms, showing that while DeFi is down, it’s not out of the game.

Fee sharing helps to lure liquidity

DeFi protocols and decentralized applications (DApps) that offer fee sharing to token holders and liquidity providers are also revenue positive.

Historical view of crypto/web3 projects that generate fee revenue to their token holders.

Protocol revenue market share leaders in ’21:
Q1: MakerDAO
Q2: PancakeSwap
Q3: Axie Infinity
Q4: Ethereum pic.twitter.com/zNRFnss7c4

— Token Terminal (@tokenterminal) January 29, 2022

As the bear market continues to batter prices and eliminate unprofitable and poorly managed platforms, protocols that offer token holders passive income streams have a higher chance of enduring until the next bull market begins.

Related: DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

Synthetix (SNX) makes a comeback

A good example of how fee sharing can help boost a token and DeFi protocol was recently seen with Synthetix (SNX), which made waves when it partnered with Curve Finance to create Curve pools for several of its Synths assets.

Since the cross-chain collaboration was established, the protocol revenue for Synthetix has seen a tremendous increase that coincided with a rise in the price of SNX from $1.56 to its current price at $2.59.

SNX daily price vs. protocol revenue in the past 180 days. Source: Token Terminal

The increase in revenue did not go unnoticed by crypto Twitter, which was quick to point out the rapid turnaround for the platform.

$SNX @synthetix_io bypassed @AaveAave in daily fees Also, @SushiSwap @CurveFinance @MakerDAO combined. pic.twitter.com/w1dBVHL2YD

— Wega (@William24931283) July 7, 2022

How it all plays out for Synthetix in the long run, is anyone’s guess. For now, the platform is demonstrating that generating revenue and sharing some of that revenue with token holders is one way to retain market share during a market downturn. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,883.00-1.21%
  • ethereumEthereum(ETH)$1,632.31-0.91%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.15%
  • binancecoinBNB(BNB)$327.670.52%
  • usd-coinUSD Coin(USDC)$1.000.18%
  • rippleXRP(XRP)$0.398091-1.69%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • cardanoCardano(ADA)$0.391625-0.37%
  • dogecoinDogecoin(DOGE)$0.092032-0.86%
  • OKBOKB(OKB)$43.941.91%
  • matic-networkPolygon(MATIC)$1.20-0.67%
  • SolanaSolana(SOL)$23.21-2.10%
  • Shiba InuShiba Inu(SHIB)$0.0000150.44%
  • Lido Staked EtherLido Staked Ether(STETH)$1,628.51-0.86%
  • polkadotPolkadot(DOT)$6.690.17%
  • litecoinLitecoin(LTC)$96.41-0.56%
  • AvalancheAvalanche(AVAX)$20.08-1.40%
  • tronTRON(TRX)$0.063429-1.42%
  • UniswapUniswap(UNI)$6.78-3.53%
  • daiDai(DAI)$1.000.22%
  • cosmosCosmos Hub(ATOM)$14.380.38%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,821.00-1.21%
  • chainlinkChainlink(LINK)$6.96-0.78%
  • ToncoinToncoin(TON)$2.28-1.27%
  • leo-tokenLEO Token(LEO)$3.42-1.76%
  • ethereum-classicEthereum Classic(ETC)$22.66-1.54%
  • moneroMonero(XMR)$166.56-1.97%
  • bitcoin-cashBitcoin Cash(BCH)$133.43-0.85%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • AptosAptos(APT)$15.01-4.46%
  • stellarStellar(XLM)$0.091019-0.92%
  • ApeCoinApeCoin(APE)$5.740.38%
  • QuantQuant(QNT)$140.720.53%
  • CronosCronos(CRO)$0.080744-1.43%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.37-1.71%
  • filecoinFilecoin(FIL)$5.25-1.14%
  • algorandAlgorand(ALGO)$0.257788-1.40%
  • Lido DAOLido DAO(LDO)$2.143.64%
  • HederaHedera(HBAR)$0.069422-2.01%
  • vechainVeChain(VET)$0.024041-1.40%
  • Internet ComputerInternet Computer(ICP)$5.58-1.90%
  • FantomFantom(FTM)$0.55-5.20%
  • decentralandDecentraland(MANA)$0.72-2.70%
  • The SandboxThe Sandbox(SAND)$0.72-2.77%
  • Axie InfinityAxie Infinity(AXS)$10.90-1.39%
  • AaveAave(AAVE)$86.210.49%
  • The GraphThe Graph(GRT)$0.13152012.98%
  • eosEOS(EOS)$1.08-1.28%
  • FlowFlow(FLOW)$1.11-0.11%
  • MultiversXMultiversX(EGLD)$44.99-0.85%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001872.19%
  • theta-tokenTheta Network(THETA)$1.09-1.91%
  • tezosTezos(XTZ)$1.16-2.89%
  • FraxFrax(FRAX)$1.000.24%
  • true-usdTrueUSD(TUSD)$1.000.30%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • huobi-tokenHuobi(HT)$5.56-0.28%
  • bitcoin-cash-svBitcoin SV(BSV)$43.80-2.55%
  • kucoin-sharesKuCoin(KCS)$8.63-1.10%
  • havvenSynthetix Network(SNX)$2.60-1.73%
  • Frax ShareFrax Share(FXS)$11.048.69%
  • Curve DAOCurve DAO(CRV)$1.061.33%
  • Rocket PoolRocket Pool(RPL)$39.611.67%
  • ChilizChiliz(CHZ)$0.140050-1.36%
  • PancakeSwapPancakeSwap(CAKE)$4.490.93%
  • USDDUSDD(USDD)$0.990.26%
  • ImmutableXImmutableX(IMX)$0.902.95%
  • eCasheCash(XEC)$0.000037-1.42%
  • BitTorrentBitTorrent(BTT)$0.000001-1.31%
  • dashDash(DASH)$62.685.05%
  • iotaIOTA(MIOTA)$0.2454960.33%
  • BitDAOBitDAO(BIT)$0.571.37%
  • Trust WalletTrust Wallet(TWT)$1.59-2.13%
  • Mina ProtocolMina Protocol(MINA)$0.78-2.80%
  • KlaytnKlaytn(KLAY)$0.205030-1.62%
  • OptimismOptimism(OP)$2.911.39%
  • makerMaker(MKR)$695.270.19%
  • GateGate(GT)$4.29-2.25%
  • neoNEO(NEO)$8.70-1.91%
  • cUSDCcUSDC(CUSDC)$0.0227450.05%
  • ArweaveArweave(AR)$11.46-0.16%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.04%
  • GMXGMX(GMX)$67.051.25%
  • OKCOKC(OKT)$31.71-0.19%
  • zcashZcash(ZEC)$43.97-1.79%
  • RenderRender(RNDR)$1.897.55%
  • cDAIcDAI(CDAI)$0.0221631.28%
  • THORChainTHORChain(RUNE)$1.810.32%
  • RadixRadix(XRD)$0.053995-7.33%
  • Tokenize XchangeTokenize Xchange(TKX)$6.67-1.31%
  • OsmosisOsmosis(OSMO)$1.01-0.19%
  • singularitynetSingularityNET(AGIX)$0.4412910.00%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • PAX GoldPAX Gold(PAXG)$1,871.000.68%
  • enjincoinEnjin Coin(ENJ)$0.4857293.92%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.0000006.68%
  • Convex FinanceConvex Finance(CVX)$6.27-1.19%
  • loopringLoopring(LRC)$0.371844-2.81%
  • zilliqaZilliqa(ZIL)$0.028632-0.84%