For the first time in history, Dapps generate more income than block chains, who raise questions about the real value of the latter without the first, and how this trend could accelerate the rise of appchains.
Dapps generate more income than block chains
The decentralized financial industry enters a new state where applications become more relevant than the technology that makes them possible. A report from Milk Road, a crypto newsletter, has revealed that decentralized apps (or just Dapps) have higher income for the first time than block chains.
Milk Road discovered that although block chains have earned $ 1.4 billion in income, Dapps earned $ 1.8 during the first quarter of 2024, as a result of which questions are asked about the sustainability of the first without the latter.
Milk Road supports this a change in what is considered as real value on top of a blockchain, because they were used to capture more value than what builders are placed on top of it.
It explained:
Nobody logs to use a blockchain. (Users) come to act, play, invest, socialize and publish. That is where attention goes and where the income really flows.
As the market shifts in this direction, this can also lead to a higher percentage of DAPPs that launches their chains to expand their income, whereby the costs are derived from their activities and transactions.
The newsletter explains that Uniswap, the popular crypto swapping Dapp, did exactly that and launched his own chain to generate more income. In this way Uniswap tries to receive more than $ 70 million that it has previously paid to Ethereum, open more income paths and handle its ecosystem under only one chain.
In addition, DAPP builders can also adjust these chains to better meet their specific needs. Uniswap added faster block times, cheaper transaction costs and better MEV protection to Unichain, looking for the user experience versus the use of Ethereum.
Milk Road states that this trend will continue to grow in the future, because more builders will take these benefits into account. “We believe that more apps will launch their own chains, making their users with them. It is not only smart, it is inevitable,” concluded it.
Read more: Uniswap launches Unichain Mainstet to stimulate Defi -Efficiency