Crypto
Web3 revenue shifts from blockchain networks to wallets and DeFi apps
User-centric applications in the Web3 ecosystem are generating more revenue than blockchain networks, Cointelegraph reported. Real Vision senior analyst Jamie Coutts said DeFi apps are making five times more revenue than blockchains, reflecting a shift in investor and developer attention toward user interfaces. The trend accelerated from mid-2024, with the top 17 revenue generators all being apps or protocols. Solana ranked in the top 20 among blockchains, while Ethereum placed 27th. Nansen data showed Solana had more active addresses than Ethereum over the past 30 days.