💫🔥Ethereum Leads in DApp Fee Revenue in Q1 2025
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Ethereum led Q1 2025 DApp fee revenue with $1.021 billion, far outpacing Base, BNB Chain, Arbitrum, and Avalanche C-Chain. Ethereum's edge comes from early smart contract adoption, strong security, and over 4,983 active DApps across DeFi, NFTs, and gaming. Upgrades like Dencun and a dominant $46 billion DeFi TVL reinforce Ethereum's scale despite high mainnet gas fees.
💥 Quick Take: While Ethereum leads, other networks are also showing significant growth. According to Token Terminal, Base, Coinbase’s Layer-2, generated $193 million in DApp fee revenue, a 45% increase from Q4 2024. BNB Chain, with $170 million, remains a strong competitor due to low costs and a diverse DApp ecosystem, including platforms like PancakeSwap. Arbitrum, another Ethereum Layer-2, recorded $73.8 million, driven by the expansion of DeFi and blockchain gaming DApps. With $27.68 million, Avalanche C-Chain excels in finance and NFTs but cannot match Ethereum’s scale.
