Ethereum Dominates Dapp Revenues in Q1 2025, Revenues Exceed $1 Billion

Ethereum’s dApps led the way in Q1 2025, generating over $1 billion in revenue, well ahead of competitors like Base, BNB Chain, and Arbitrum in terms of revenue, highlighting Ethereum’s continued dominance in decentralized application revenues.

Ethereum dApps Surpass 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 whopping $1.014 billion in fees in Q1 2025, according to data from Token Terminal.

Far behind, Coinbase’s Layer 2 chain Base took second place with $193 million in dApp fees, but despite its growing traction, there is still a significant gap to Ethereum’s dominance. dApps on the BNB chain followed closely behind with $170 million in revenue, while Arbitrum’s ecosystem revenue was $73.8 million. Avalanche’s C-chain rounded out the top five, with its dApps generating $27.68 million in fees.

The data highlights Ethereum’s continued leadership in user engagement and transaction activity in the decentralized finance and Web3 application sectors. Despite the growing momentum of Layer 2 and alternative chains, Ethereum’s mature infrastructure and strong developer ecosystem remain key drivers of its market power.

With dApp usage and fee generation becoming important indicators of network utility and adoption, the first quarter results show that Ethereum remains a leader in the expanding blockchain ecosystem.