Odaily Planet Daily report: Crypto venture capital firm 1kx stated that on-chain protocol fees declined by 33% year-over-year in the second quarter, with DEX fees dropping by $625 million, a 57% decrease, primarily driven by Meteora, Raydium, and PancakeSwap—three protocols that collectively generated $1.5 billion in fees during the first half of last year. Blockchain and MEV fees fell 40% to $362 million. Launchpad fees dropped 57%, with Pump.fun accounting for nearly half. Perpetual futures and prediction market fees increased 22% year-over-year, led by edgeX and Hyperliquid; Polymarket’s fees approached $100 million for the quarter.
Chain protocol fees dropped 33% in Q2, while perpetual and prediction markets rose 22%.
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Summary
Chain protocol fees declined 33% in Q2 2026, with perpetual futures driving a 22% increase in fees for perpetual contracts and prediction markets. DEX fees fell 57% to $625 million, led by Meteora, Raydium, and PancakeSwap. Blockchain and MEV fees dropped 40% to $362 million, while launchpad fees declined 57%, with Pump.fun accounting for nearly half. Polymarket generated nearly $100 million in fees for the quarter. The Fear & Greed Index remains volatile as market activity shifts.
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