Data: 97% of DeFi projects fail to generate significant revenue, with only 32 projects earning over $2 million in the past month.

ZkProver · 2026-03-29T04:24:31+00:00

According to DefiLlama data, out of approximately 1,300 DeFi projects, 97.6% have failed to generate significant returns, with only 2.4% of projects earning over $2 million in the past 30 days. Most of the revenue is concentrated among stablecoin issuers and trading platforms, with Tether and Circle ranking at the top of the income list.

ZkProver

2026-03-29 04:24:31

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According to ChainCatcher, as reported by Dailycoin, DefiLlama data shows that out of approximately 1,300 DeFi projects, as much as 97.6% of the projects failed to generate significant revenue, and the income distribution exhibits a clear power-law pattern.

Among them, stablecoin issuers and trading platforms dominate the leaderboard, with Tether at $490 million, Circle at $201 million, and Hyperliquid at $61 million.

In addition, only six protocols generated revenue between $10 million and $50 million. In the past 30 days, only 32 projects (accounting for just 2.4% of the total) had revenue exceeding $2 million; the biggest losses were incurred by the MEV protocol Kairos Timeboost (losses of about $200,000) and the options platform Hegic (losses of about $23,000).

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