Onchain Revenue Dashboard

Quarterly fees and value distributed to token holders (left axis, USD billions) and the number of fee-generating protocols (right axis). The shaded band marks the extrapolated quarter, based on the latest available months.

Two stacked bars compare aggregate fees by sector across periods. Sectors stack bottom→top in fixed order: Blockchains · Middleware · DePIN · DeFi/Finance · Wallets · Consumer. Sankey-style ribbons (a pale wash of each sector's color) connect matching segments and carry the per-sector % change; the overall % change sits between the two period headers. Totals sit above each bar; left-bar segments are labelled with category and dollar amount, right-bar segments with the dollar amount alone (segments too thin for an inside label are labelled beside the bar). When the latest quarter has fewer than three months of data, it is linearly extrapolated × 3 / n_observed.

Sector columns are sized by their share of quarterly fees; category blocks are sized by their share of the parent. Click any sector or category to drill into the protocols within.

Top 20 protocols for the selected month and metric. The percentage next to each bar is the protocol's relative MoM change in fees. MoM Fee Decline is restricted to protocols whose prior-month fees exceeded $10,000 to prevent tiny denominators from dominating.

Each line is the per-protocol P/F ratio (= FDV ÷ annualized quarterly fees) aggregated to the median for that sector and quarter. The shaded bands show the 25th-75th percentile range for Blockchains and DeFi/Finance (other sectors omit the band to keep the chart legible). Y-axis is log scale.

Each protocol is plotted with its 3-month MoM fee growth relative to its category median (y) against its P/F ratio relative to its category median (x). Dot color encodes the protocol's fine-grained category; bubble area scales with quarterly fees. Reference lines at 1× category median on both axes split the chart into four interpretation quadrants.