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Analytics

DeFi Platforms See Revenue Growth as Activity Climbs

In May 2025, DeFi protocols on Ethereum, Arbitrum, and other chains saw strong revenue growth as user activity and transaction volumes rose. Axiom and Pump topped the earnings charts for the month.

NewsDeFi
23 May, 20255 min readbyDropsTab
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TL;DR


  • DeFi protocols report higher monthly revenues amid rising activity
  • User participation and transaction volumes grow across chains
  • Axiom and Pump lead May’s DeFi revenue rankings


Table of Contents

Axiom and Pump Lead DeFi Revenue Charts in May 2025


Decentralized finance platforms are riding a wave of revenue growth, supported by surging on-chain activity and total value locked. Top DeFi protocols continued to generate solid monthly revenues as user participation and transaction volumes climbed sharply.


Leading dApps across Ethereum, Arbitrum, and other networks are benefiting from this uptick – from decentralized exchanges to lending platforms, usage has risen across the board, translating into higher fee income.


This momentum underscores a broader renewed interest in DeFi, with participants deploying more capital and engaging in yield opportunities on multiple chains.


The latest breakdown of top revenue-earning protocols: https://dropstab.com/categories/defi

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Disclaimer: This article was created by the author(s) for general informational purposes and does not necessarily reflect the views of DropsTab. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions.