{"id":89661,"date":"2025-10-07T11:12:52","date_gmt":"2025-10-07T08:12:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89661"},"modified":"2025-10-07T11:15:15","modified_gmt":"2025-10-07T08:15:15","slug":"defi-protocols-generate-600-million-in-september","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/defi-protocols-generate-600-million-in-september\/","title":{"rendered":"DeFi Protocols Generate $600 Million in September"},"content":{"rendered":"<p>In September, protocols within the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">decentralized finance<\/a> sector generated approximately $600 million in fee revenue, marking a 76% increase compared to March&#8217;s $340 million.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/protocol-revenue\/defi-protocols-fees-monthly\/embed\" title=\"Monthly DeFi fees\"><\/iframe><\/p>\n<p>Leading the pack are <a href=\"https:\/\/forklog.com\/en\/news\/what-is-uniswap-uni\">Uniswap<\/a> with $136.04 million in revenue over the past 30 days and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-aave\">Aave<\/a> with $98.97 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"311\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419-1024x311.png\" alt=\"image1\" class=\"wp-image-267084\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419-1024x311.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419-300x91.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419-768x234.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419-1536x467.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-56f5eeed1dd58923-6217184397473419.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/fees?category=Lending&#038;category=Yield&#038;category=Dexs\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Shift in Priorities<\/h2>\n<p>The rise in fee revenue is accompanied by a shift in developers&#8217; approach to <a href=\"https:\/\/forklog.com\/en\/news\/tokenomics-with-vladimir-menaskop-part-one-from-idea-to-ido\">tokenomics<\/a>, according to <a href=\"https:\/\/www.theblock.co\/post\/373574\/uniswap-aave-lead-defi-fee-rebound-to-600-million-as-protocols-embrace-buybacks-and-fundamentals\" title=\"The Block\">The Block<\/a>.\u00a0<\/p>\n<p>While the market at the end of 2024 focused on <a href=\"https:\/\/forklog.com\/en\/news\/meme-tokens-from-joke-to-scam\">meme coins<\/a>, viral marketing, and community engagement, protocols are now moving towards more traditional financial metrics. This shift is driven by the growing involvement of institutional investors.<\/p>\n<p>One notable trend is the adoption of <a href=\"https:\/\/hub.forklog.com\/chto-takoe-obratnyj-vykup-i-szhiganie-tokenov\/?ysclid=mgg7l5zy9l171306773\">buyback programs<\/a>, akin to practices in <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span>. These methods aim to increase token value and attract players accustomed to classic financial instruments.<\/p>\n<p>Projects like Ethena, Ether.fi, and Maple are already testing mechanisms to enhance the appeal of their assets. Buyback proposals are gaining support among holders.<\/p>\n<p>Although <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-token\">cryptocurrency tokens<\/a> bear similarities to TradFi instruments, they are not stocks. Beyond serving as a store of value, such <a href=\"https:\/\/forklog.com\/en\/news\/governance-tokens-vs-utility-tokens-whats-the-difference\">assets participate in governance<\/a>, provide access to protocols, and find use within the network. This positions them as a cornerstone of the decentralized finance ecosystem.<\/p>\n<p>In August, DeFi protocol fee volumes <a href=\"https:\/\/forklog.com\/en\/news\/defi-protocol-fees-plummet-by-24-in-august\">declined<\/a> by 24% compared to July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In September, decentralized finance protocols generated approximately $600 million in fee revenue, marking a 76% increase compared to March&#8217;s $340 million. Leading the pack are Uniswap with $136.04 million in revenue over the past 30 days and Aave with $98.97 million. Shift in Priorities The rise in fee revenue is accompanied by a shift in developers&#8217; approach to tokenomics, according to The [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":89662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"DeFi protocols earned $600 million in September, a 76% increase from March.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1093,1391],"class_list":["post-89661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-defi","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"134","promo_type":"1","layout_type":"1","short_excerpt":"DeFi protocols earned $600 million in September, a 76% increase from March.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89661"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89661\/revisions"}],"predecessor-version":[{"id":89663,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89661\/revisions\/89663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89662"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}