DeFi weekly revenue has grown 4x to over $300M in four years, with non-stablecoin revenue rising 12x to $120M.
DeFi & Yields ·
Over the past four years, weekly decentralized finance revenue has expanded roughly fourfold, climbing from around $80 million to over $300 million. This expansion reflects growing adoption and activity across DeFi protocols, though the metric encompasses all revenue-generating categories within the sector.
When stablecoin issuers are excluded from the calculation, the picture shifts notably. Non-stablecoin DeFi revenue has grown at a steeper rate during the same period, rising from under $10 million to over $120 million—a roughly twelvefold increase. This divergence suggests that core DeFi activities, such as lending, swaps, and derivatives, have expanded at a faster clip than revenue tied to stablecoin minting and related services.
The data points to acceleration in segments beyond stablecoin infrastructure, though the composition of that non-stablecoin revenue—whether concentrated in specific protocols or distributed across the ecosystem—remains unspecified.