Wu Says, according to CryptoRank monitoring, the total DEX fee revenue across all networks in the second quarter of 2026 dropped to $413 million, marking the lowest quarterly level since 2023. This figure is down 83% from the peak of $2.41 billion in the first quarter of 2025, reflecting a sustained slowdown in on-chain trading monetization.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-44dde53b
· 2h ago
Fee revenue has collapsed like this. Are market makers and LPs still holding on?
View OriginalReply0
GateUser-b74aba1c
· 2h ago
From a peak of 2.4 billion down to 400 million, this curve is more exciting than my position.
View OriginalReply0
YieldKaraoke
· 2h ago
Lowest since 2023, the winter of DEX is longer than imagined.
View OriginalReply0
ALampInMistyValley
· 2h ago
An 83% drop is really brutal; on-chain activity seems to be heading into hibernation.
View OriginalReply0
  • Pinned