DeFi On-Chain Yields Projected to Reach $800 Million in 2025

A recent forecast from ChainCatcher suggests that decentralized finance (DeFi) on-chain yields will reach approximately $800 million in 2025.

The analysis, conducted by research analyst Vadym, predicts that the largest source of revenue for DeFi will be Automated Market Maker (AMM) trading fees, estimated to total around $420 million. This figure accounts for a significant proportion of the predicted on-chain revenue, with Uniswap, Meteora, and Raydium expected to contribute 62% of this total.

Lending interest is also set to play a major role in DeFi's overall revenue, with an estimated $176 million generated from lending activity. Aave, Morpho, and other money markets are expected to account for more than 60% of DeFi's total value locked (TVL).