April saw a surge in revenue for crypto apps, signaling a shift in the industry’s focus from just holding Bitcoin. Five token-backed applications raked in a cool $95 million collectively, according to DeFiLlama, led by Hyperliquid ($HYPE) with $40.94 million. Experts highlight expanding decentralized finance (DeFi) activity and institutional interest as key drivers of this growth. 2025 marks the rise of apps as essential components in the crypto ecosystem. The report from Milk Road X reveals these platforms—Hyperliquid, Maker/Sky, Jupiter, PancakeSwap, and Aerodrome—are reshaping how value flows in the space. This trend raises intriguing questions about app dominance and its potential impact on the future of crypto markets.