Crypto Market Revenue soars: On-Chain Report Reveals $20 Billion Ecosystem Growth

A new report from 1kx highlights the explosive growth of the on-chain crypto market, revealing a surge in user activity and substantial revenue generation. The ‘1kx On-Chain Revenue Report (First Half of 2025)’ reveals that transaction fees have skyrocketed by 126% year-over-year, demonstrating the increasing demand for decentralized applications and services. This growth contrasts sharply with off-chain ecosystem development, which has seen only modest expansion. The report delves into the impact of various use cases, ranging from trading and data storage to cross-application collaboration, with over 1,124 protocols achieving on-chain profitability.