According to recent findings from COINOTAG on January 15th, data analyst Dan Smith from Blockworks has reported a notable achievement in the decentralized finance (DeFi) sector. The analysis reveals that Solana’s DeFi ecosystem generated an impressive $7.51 billion in revenue for the fourth quarter of 2024, effectively outpacing the market leader, Ethereum, which reported a revenue of $3.14 billion. This information, sourced from DeFiLlama, does not account for revenues from major players such as Circle and Tether, illuminating the potential for even greater figures. Smith’s methodology attributes revenue allocation across chains based on circulating supply share, providing a more comprehensive understanding of market dynamics. As the DeFi landscape evolves, these figures highlight the competitive nature of blockchain ecosystems and their revenue-generating capabilities.
Source: https://en.coinotag.com/breakingnews/solanas-defi-ecosystem-surpasses-ethereum-with-7-51-billion-revenue-in-q4-2024/