1kx: On-chain fees in Q1 2026 decreased by approximately 50% year-over-year, with the DeFi sector dragging significantly.

WuSaidBlockchainW · 2026-04-01T14:21:40+00:00

Wu says that according to 1kx research, the on-chain fundamentals in Q1 2026 are mixed, with on-chain user payments decreasing by approximately 50% year-over-year and down 26% quarter-over-quarter. The overall decline is mainly driven by DeFi, with Perp DEX experiencing the largest impact, followed by wallets and the Consumer sector. Some protocols that had over $100,000 in fees last quarter have now dropped to zero this quarter, including Quanto, Lava, and Rezerve Money.

WuSaidBlockchainW

2026-04-01 14:21:40

Wu said he learned that, according to 1kx research, the on-chain fundamentals in 2026 Q1 were mixed, with both good and bad news. The on-chain fees paid by users were down by about 50% year over year, and down 26% quarter over quarter. The overall decline was mainly driven by DeFi, with Perp DEX facing the biggest impact, followed by wallets and the Consumer segment. Some protocols saw quarterly fees exceed $100,000, but this quarter they have fallen to 0, including Quanto, Lava, and Rezerve Money.

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