The crypto industry’s fees are increasingly flowing to user-facing applications. Decentralized Finance (DeFi) protocols have captured five times more fees than blockchains, highlighting a trend where investors focus more on wallets and DeFi applications.
Data reveals that Tether led the fee generation with 563 million USD in the last month, outperforming other blockchains. Solana generated 20.4 million USD, indicating that DeFi apps and protocols are dominating the earnings landscape.
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