Web3 revenue shifts from blockchains to wallets and DeFi apps

Revenue in the crypto industry is increasingly fl

Web3 revenue shifts from blockchains to wallets and DeFi apps

Web3 revenue shifts from blockchains to wallets and DeFi apps

Revenue in the crypto industry is increasingly flowing to user-facing applications rather than the underlying blockchain networks, according to recent data, signaling a potential shift in where investors and developers focus their attention.

Source: Jamie
Top protocols and chains by fees generated over past 30 days. Source: DeFiLlama
Blockchains by active users, 30-day chart. Source: Nansen
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