Web3 revenue shifts from blockchains to wallets and DeFi apps

A growing amount of the blockchain industry’s fees are captured by DeFi protocols rather than the underlying networks, signaling a potential investor shift to front-end facing applications.
Source: Web3 revenue shifts from blockchains to wallets and DeFi apps (https://cointelegraph.com/news/defi-apps-capture-more-fees-than-blockchains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)