Ethereum maintains its lead as the top platform for decentralized applications

According to Token Terminal, Ethereum remains the top platform for decentralized applications (DApps). In the first quarter of 2025, the blockchain’s total revenue from DApp fees hit $1.021 billion, solidifying its market dominance and highlighting its rapid growth within the DApp ecosystem.

The network's superiority can be attributed to several key factors. Ethereum was the first blockchain to support smart contracts, laying the foundation for decentralized applications (DApps). According to the latest DappRadar data, the network is currently hosting 4,983 active DApps, below the BNB Chain. However, Ethereum makes up for the gap with enhanced security and reliability. Additionally, blockchain improvements, including the Dencun upgrade, help optimize costs for Layer 2 solutions and significantly boost the platform’s overall scalability.

Moreover, decentralized finance (DeFi) ecosystem remains Ethereum’s biggest revenue driver. According to DefiLlama, its DeFi protocols currently hold $46 billion in total value locked (TVL), accounting for 51% of the entire DeFi market.