The 2023 DeFi protocol revenue ranking list was announced, as follows:
1. Maker - $95.91 million
2. Lido - $55.79 million
3. PancakeSwap - $52.31 million
4. Convex Finance - $42.23 million
5. GMX - $37.52 million
The revenue data was measured based on DeFiLlama data before December 13th. It is worth noting that Uniswap Labs only began collecting revenue after introducing fees on its interface in October. Blockworks Research estimates Uniswap Labs' annualized revenue to date at $17.7 million.
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