1kx On-Chain Revenue Report: On-chain Fees Reach $9.7 Billion in H1 2025, Up 41% to a Record High

Foresight News reported that 1kx released its On-Chain Revenue Report (H1 2025), which aggregates on-chain fee data from over 1,000 protocols. In the first half of 2025, users paid $9.7 billion in on-chain fees, representing a 41% year-on-year increase and reaching a record high.

In addition to on-chain fees, off-chain fees during the same period amounted to $23.5 billion, with CEX accounting for the largest share, estimated at $19 billion. The remaining portion mainly includes other financial infrastructure (market makers, fund management fees), etc. During the same period, revenue generated from block rewards and stablecoin issuance reached $23.1 billion.