{"id":474396,"date":"2022-07-15T21:03:47","date_gmt":"2022-07-15T18:03:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/"},"modified":"2022-07-15T21:03:47","modified_gmt":"2022-07-15T18:03:47","slug":"defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/","title":{"rendered":"# DeFi\u2019s downturn deepens, but protocols with revenue and fee sharing could thrive"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35fc1b97bcf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35fc1b97bcf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/#%E2%80%9D_DeFis_downturn_deepens_but_protocols_with_revenue_and_fee_sharing_could_thrive_%E2%80%9C\" >&#8221; DeFi\u2019s downturn deepens, but protocols with revenue and fee sharing could thrive &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/#DeFi_might_be_dead_but_platforms_with_revenue_will_thrive\" >DeFi might be dead, but platforms with revenue will thrive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/#Fee_sharing_helps_to_lure_liquidity\" >Fee sharing helps to lure liquidity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/defis-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\/#Synthetix_SNX_makes_a_comeback\" >Synthetix (SNX) makes a comeback<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_DeFis_downturn_deepens_but_protocols_with_revenue_and_fee_sharing_could_thrive_%E2%80%9C\"><\/span>&#8221; DeFi\u2019s downturn deepens, but protocols with revenue and fee sharing could thrive &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional.<\/p>\n<p>As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found on protocols that generate revenue and share some of it with their respective communities. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Platforms that earn real yield through useage fees are the obvious winner in the bear market, That mean perpetuals and options as they are profitable bear or bull. Thats why <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GMX?src=hash&amp;ref_src=twsrc%5Etfw\">#GMX<\/a> is hot, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/snx?src=hash&amp;ref_src=twsrc%5Etfw\">#snx<\/a> fees up massively and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/eth?src=hash&amp;ref_src=twsrc%5Etfw\">#eth<\/a> is just a no brainer.<\/p>\n<p>\u2014 Collingwood.lens (@Fraxima1ist) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Fraxima1ist\/status\/1547361323243016193?ref_src=twsrc%5Etfw\">July 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nLet&#8217;s take a look at some of the protocols that continue to thrive in the current down market. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_might_be_dead_but_platforms_with_revenue_will_thrive\"><\/span>DeFi might be dead, but platforms with revenue will thrive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Token Terminal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tokenterminal.com\/terminal\/metrics\/protocol-revenue\">shows<\/a> revenue positive platforms are primarily the nonfungible token (NFT) marketplaces like LooksRare and OpenSea. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/55429ab4-a3bb-458a-99e8-025ff055b21e.jpg\"><figcaption style=\"text-align: center;\"><em>Top d<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s based on cumulative protocol revenue in the past 180 days. Source: Token Terminal<\/em><\/figcaption><\/figure>\n<p>Aside from a few select protocols including MetaMask, Decentral <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>s, Axie Infinity and Ethereum Name Service, the majority of the remaining protocols with the highest revenue are decentralized finance platforms, showing that while DeFi is down, it&#8217;s not out of the game. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fee_sharing_helps_to_lure_liquidity\"><\/span>Fee sharing helps to lure liquidity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DeFi protocols and\u00a0decentralized applications (DApps)\u00a0that offer fee sharing to token holders and liquidity providers are also revenue positive.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Historical view of crypto\/web3 projects that generate fee revenue to their token holders.<\/p>\n<p>Protocol revenue market share leaders in &#8217;21:<br \/>Q1: MakerDAO <br \/>Q2: PancakeSwap<br \/>Q3: Axie Infinity<br \/>Q4: Ethereum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zNRFnss7c4\">pic.twitter.com\/zNRFnss7c4<\/a><\/p>\n<p>\u2014 Token Terminal (@tokenterminal) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tokenterminal\/status\/1487452266823045121?ref_src=twsrc%5Etfw\">January 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As the bear market continues to batter prices and eliminate unprofitable and poorly managed platforms, protocols that offer token holders passive income streams have a higher chance of enduring until the next bull market begins.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Synthetix_SNX_makes_a_comeback\"><\/span>Synthetix (SNX) makes a comeback<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A good example of how fee sharing can help boost a token and DeFi protocol was recently seen with Synthetix (SNX), which made waves when it partnered with Curve Finance to create Curve pools for several of its Synths assets. <\/p>\n<p>Since the cross-chain collaboration was established, the protocol revenue for Synthetix has seen a tremendous increase that coincided with a rise in the price of SNX from $1.56 to its current price at $2.59. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/96c0717d-388d-45a9-831e-9810369da7a0.jpg\"><figcaption style=\"text-align: center;\"><em>SNX daily price vs. protocol revenue in the past 180 days. Source: Token Terminal<\/em><\/figcaption><\/figure>\n<p>The increase in revenue did not go unnoticed by crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, which was quick to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lyfe_tacos\/status\/1545107051705053190\">point<\/a> out the rapid turnaround for the platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SNX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SNX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/synthetix_io?ref_src=twsrc%5Etfw\">@synthetix_io<\/a> bypassed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AaveAave?ref_src=twsrc%5Etfw\">@AaveAave<\/a> in daily fees Also, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SushiSwap?ref_src=twsrc%5Etfw\">@SushiSwap<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CurveFinance?ref_src=twsrc%5Etfw\">@CurveFinance<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MakerDAO?ref_src=twsrc%5Etfw\">@MakerDAO<\/a> combined. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/w1dBVHL2YD\">pic.twitter.com\/w1dBVHL2YD<\/a><\/p>\n<p>\u2014 Wega (@William24931283) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/William24931283\/status\/1544873610421997569?ref_src=twsrc%5Etfw\">July 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>How it all plays out for Synthetix in the long run, is anyone\u2019s guess. For now, the platform is demonstrating that generating revenue and sharing some of that revenue with token holders is one way to retain market share during a market downturn.\u00a0<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/defi-s-downturn-deepens-but-protocols-with-revenue-and-fee-sharing-could-thrive\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; DeFi\u2019s downturn deepens, but protocols with revenue and fee sharing could thrive &#8220; At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional. As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvY2U0YTk4NjItZDhiZS00MDg5LThkYjMtOWY5M2JkZmQ0YzhkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74868,75012,74891,127139,72927,73785],"class_list":["post-474396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-derivatives","tag-ethereum","tag-synthetix","tag-fees","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474396"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474397"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}