1kx Report: On-chain economy surpasses 20 billion USD; fee growth signals strong demand driving maturity in industry

According to 1kx, the on-chain economy now exceeds 20 billion USD, indicating robust demand, particularly from DeFi protocols which make up 63% of total fees.

Emerging sectors show remarkable growth; wallet revenue surged 260%, consumer applications 200%, and DePIN expanded significantly by 400%.

1kx anticipates that on-chain fees will reach 32 billion USD by 2026, reflecting a 63% yearly increase, indicating the sector’s maturation.