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

MarsBitNews · 2026-03-27T03:39:21+00:00

According to DefiLlama data, out of approximately 1,300 DeFi projects, as many as 97.6% have failed to generate significant profits, with revenue distribution following a power-law pattern. The main sources of income come from stablecoin issuers and trading platforms, such as Tether and Circle. In the past 30 days, only 32 projects have generated more than $2 million in revenue, with the biggest losers being Kairos Timeboost and Hegic.

MarsBitNews

2026-03-27 03:39:21

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According to Mars Finance, Dailycoin reports that DefiLlama data shows that among 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 occupy the top spots, with Tether at $490 million, Circle at $201 million, and Hyperliquid at $61 million. Additionally, only six protocols have revenues between $10 million and $50 million. In the past 30 days, only 32 projects (just 2.4% of the total) had revenues exceeding $2 million; the biggest losses were recorded by the MEV protocol Kairos Timeboost (loss of about $200,000) and the options platform Hegic (loss of about $23,000).

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