Crypto Apps Now Earning More Than the Blockchains That Power Them
Crypto apps are now outearning the blockchains that power them, marking a major shift in how value flows across the crypto ecosystem.
Following Ethereum’s breakthrough in enabling decentralized applications, countless protocols emerged to support niche use cases.
However, as the industry matures, fully developed blockchain-based applications are becoming the primary drivers of profitability.
According to the latest report from Delphi Digital, these crypto apps are beginning to generate more revenue than the underlying chains they rely on.
PumpFun, for instance, collected $724 million in fees over the past year, more than the Solana blockchain itself.
Hyperliquid brought in $667 million.
Meanwhile, Solana, one of…
