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The data shows that only 12% of Ethereum protocol and 25% of Solana protocol have revenue.
On July 23, according to Coindesk, data from DeFiLlama shows that the Ethereum network hosts a total of 1,271 protocols, and in the past 30 days, 88% (i.e., 1,121 projects) have not generated any revenue. The Solana ecosystem is smaller, with a total of 264 protocols, of which 75% of the projects have not generated any revenue in recent days. There are a large number of protocols on both chains that have recently failed to capture any value. Inactive smart contracts increase storage burdens, security risks, and economic inefficiencies, hindering the overall improvement of user experience.