Onchain revenue nears $20B in 2025, marking a maturity test for crypto: Research

Blockchain fees are set to reach $19.8 billion this year, demonstrating the technology’s growth beyond speculation into real, user-driven economic activity.

The blockchain industry is showing signs of newfound maturity — at least by one often-overlooked metric — pointing to broader adoption across decentralized finance, consumer apps and emerging sectors.

According to a new Onchain Revenue Report from venture capital company 1kx, onchain revenue, as measured by user-paid fees, is on track to reach $19.8 billion in 2025. That follows a record-breaking $9.7 billion in the first half of the year alone.

These fees represent the total amount users spend to transact directly on blockchain and related infrastructure, covering trades, swaps, registrations, gaming revenues and subscriptions, among others.

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