Who is paying for crypto? Who is actually benefiting?

Written by: Prathik Desai

Compiled by: Chopper, Foresight News

I love the crypto industry’s seasonal traditions, like the October Uptober and the October Recktober. People in the community always bring up a ton of data around these periods, and humans just love these kinds of interesting stories, don’t they?

The trend analyses and reports surrounding these milestones are even more interesting: “This time, ETF fund flows are different,” “Crypto funding is finally maturing this year,” “Bitcoin is poised for a surge this year,” and so on. Recently, while reviewing the “2025 DeFi Industry Report,” several charts about how crypto protocols generate “substantial revenue” caught my attention.

These charts list the top-grossing crypto protocols…

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