On-chain activity is terrible! What a bull market!
REV across all chains has plummeted from a peak of approximately $4.9 billion in Q4 2021 to only approximately $655 million in Q3 2025!
(REV = net value after deducting MEV, inflation, and pseudo-transactions)
Currently:
Solana: Contributed approximately $223 million in Q3 2025, primarily driven by memes.
Tron: Ranked second with approximately $160 million, primarily driven by USDT transfers.