The monthly fee for DeFi has risen to $577 million, a year-on-year rise of 58%, and the protocol revenue model is becoming increasingly mature.

[Coin World] In recent months, the monthly fees of DeFi have shown resilience, climbing to approximately $577 million, marking a significant recovery compared to the low point of $366 million in April. This 58% rise indicates that as market participants trend towards on-chain financial services, the activity level of decentralized finance protocols has rebounded. The surge in fees aligns with the increase in volume and the maturity of DeFi protocols, which have proven their sustainability through various market cycles. Major protocols like a certain DEX have become leaders in fee generation, accumulating $275 million in fees through their automated market-making services and yield farming mechanisms. DeFi platforms offer a competitive advantage by providing peer-to-peer transactions that eliminate traditional intermediaries, often reducing costs compared to traditional bank fees. The protocol business model has evolved to capture value through various fee structures within lending, trading, and staking services. A certain DEX generates revenue through transaction fees (typically 0.17% to 0.25% per exchange), farming and mining pool fees, and lottery mechanisms, while another DEX operates at a standard trading fee of 0.3%, which is allocated to liquidity providers. Lending protocols like Aave and MakerDAO charge fees through interest rate differentials and liquidation penalties, creating sustainable revenue sources that support billions of dollars in total value locked. As protocols optimize fee generation while maintaining user adoption rates, the competitive landscape is becoming increasingly intense. Pump.fun's prominent position in the fee chart reflects the boom in memecoin trading, where despite the lower value of individual trades, the frequency of trades drives revenue growth. This shift towards a decentralized fee collection model indicates that protocols are finding sustainable monetization pathways without relying on traditional bank intermediaries.