X @Token Terminal 📊
Token Terminal 📊·2026-01-27 10:36
RT Jonaso (@Jonasoeth)The time it takes for a DeFi protocol to reach $100M in cumulative revenue varies heavily by market cycle, product–market fit, and liquidity conditions.In strong bull markets, top-tier protocols can reach $100M in just a few months.@ethena_labs is the clearest example ↓- Hit $100M revenue in ~251 days- Becoming the 2nd fastest DeFi protocol after Pumpfun- Surpassed $500M in its first year (2024–2025) and exceeded $650M by 2025, ranking among the top all-time despite late entry.Even dur ...