Dapps are stealing the show, and the revenue too

Something big is happening in the crypto industry, and it’s flipping the script. For the first time ever, decentralized apps are raking in more cash than the blockchains they’re built on.

The tech that was supposed to be the star of the show? It’s playing second fiddle now. And let me tell you, this could shake things up in ways you didn’t see coming.

Use-cases

Based on a report from Milk Road , a crypto newsletter that knows its stuff, dapps pulled in $1.8 billion in revenue during Q1. Blockchains? $1.4 billion.

dApp fees are flipping blockchain fees

Hitting $1.8B compared to $1.4B for blockchains in the first 3 months of 2025

This shows that most of the money is starting to flow into apps and not the underlying infrastructure like in previous years

But why is this important?… pic.twitter.com/J5MEeCZdnl

— Milk Road (@MilkRoadDaily) April 13, 2025

That’s a big shift, guys. It raises a serious question, what’s a blockchain worth if the apps running on it are hogging all the glory, and the cash?

Think about it. Nobody logs onto a blockchain just for kicks. People aren’t sitting around admiring Ethereum or Solana like they’re works of art.

No, they’re here to trade, play games, invest, socialize, you name it. That’s where the action is, and that’s where the money flows.

No middlemen

Some dapps are saying, why share? Take Uniswap, for example. This DEX decided to launch its own chain, Unichain, so it could pocket all those juicy fees it used to pay Ethereum, and it’s over $70 million a year.

And guess what? They didn’t stop there. They made Unichain faster, cheaper, and more user-friendly than Ethereum ever was.

Open the gates

This isn’t just a one-off thing either. Milk Road predicts more dapps will follow Uniswap’s lead, setting up their own chains to keep all the profits and tailor their ecosystems to their needs.

Faster transactions? Lower fees? Better user experience? It’s like opening your own restaurant instead of paying rent at someone else’s food court.

But what does this mean for blockchains? Well, they might need to rethink their game plan because right now, they’re looking like landlords who just lost their best tenants.

Dapps are rising, blockchains are sweating, and the whole crypto market is shifting under our feet. It’s inevitable.

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