Ethereum dApps led the pack in Q1 2025, generating over $1 billion in fees, far outpacing competitors like Base, BNB Chain, and Arbitrum, highlighting Ethereum’s continued dominance in decentralized application revenue.
Ethereum Dapps Outpacing Base and BNB Chain in Q1 Fees
Ethereum continues to solidify its position as the leading platform for decentralized applications (dApps), with dApps on the network generating a staggering $1.014 billion in fees during the first quarter of 2025, according to Token Terminal.
Trailing far behind, Base, Coinbase’s Layer 2 chain, secured second place with $193 million in dapp fees, reflecting its growing traction, but still a significant gap from Ethereum’s dominance. BNB Chain dApps followed closely, collecting $170 million, while Arbitrum’s ecosystem brought in $73.8 million. Avalanche’s C-Chain rounded out the top five, with its dApps generating $27.68 million in fees.
Source: Token Terminal
The data underscores Ethereum’s continued leadership in user engagement and transactional activity within the decentralized finance and Web3 application space. While Layer 2s and alternative chains are gaining ground, Ethereum’s established infrastructure and robust developer ecosystem remain key drivers of its market strength.
With dapp usage and fee generation emerging as critical indicators of network utility and adoption, Q1 results show that Ethereum still sets the pace in the ever-expanding blockchain ecosystem.
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