97% of DeFi projects fail to generate significant revenue, and only 32 projects generated more than $2 million in revenue in the past month

According to Dailycoin, DefiLlama data shows that of approximately 1300 DeFi projects, up to 97.6% failed to generate significant benefits, and the revenue distribution showed a clear power-law pattern.<br /> Among them, stablecoin issuers and trading platforms occupy the top of the rankings, with Tether at US$490 million, Circle at US$201 million, and Hyperliquid at US$61 million.<br /> In addition, only six agreements had revenue between $10 million and $50 million. In the past 30 days, only 32 projects (only 2.4% of the total) have generated revenue of more than $2 million; the biggest losses were MEV agreement Kairos Timeboost (with a loss of approximately $200,000) and options platform Hegic (with a loss of approximately $23,000).