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

ZkProver · 2026-04-01T06:21:43+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

2026-04-01 06:21:43

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ChainCatcher news, according to a Dailycoin report, shows that DefiLlama data indicates that among roughly 1,300 DeFi projects, as many as 97.6% of them failed to generate significant returns, and the revenue distribution exhibits a clear power-law pattern.

Among them, stablecoin issuers and trading platforms take the top spots on the list: Tether at $490 million, Circle at $201 million, and Hyperliquid at $61 million.

In addition, only six protocols have revenue between $10 million and $50 million. Over the past 30 days, only 32 projects (just 2.4% of the total) had revenue exceeding $2 million; the worst-performing loss projects are the MEV protocol Kairos Timeboost (loss of about $200,000) and the options platform Hegic (loss of about $23,000).

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