Based on The Defiant, on-chain revenue reached $20 billion in 2025, driven primarily by decentralized finance (DeFi) platforms, according to a report by crypto investment firm 1kx. Users paid $9.7 billion in on-chain fees in the first half of 2025, a 41% increase from the same period last year. DeFi accounted for 63% of all fees, with trading activity on decentralized exchanges (DEXs) and derivatives platforms leading the growth.
On-Chain Revenue Reaches $20 Billion in 2025, Driven by DeFi Growth
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