Revenue in the crypto industry is shifting towards user-facing applications over blockchain networks. DeFi apps now generate five times more fees than blockchains, indicating a change in focus for investors and developers. Top earners are now DeFi protocols, with Solana leading in fees at $20.4 million. Ethereum follows with $10.3 million.

DeFi protocols dominate as top earners in the crypto industry, with applications surpassing base-layer blockchains in generating fees. Solana and Ethereum are the only blockchains in the top 30 earners, with Tether leading in fees at $563 million. This trend indicates a growing interest in DeFi apps over blockchain layers by developers and investors.

Solana’s lead in fee generation is attributed to its high activity level, with over 68 million active addresses in the past 30 days. Ethereum follows in sixth place with 13 million active monthly addresses. This data suggests that DeFi apps are attracting more attention and revenue than traditional blockchain networks.

Read more at Cointelegraph: DeFi Captures 5x Fee of Blockchains, Value Drifts to Front-End Apps