Crypto protocols collected $4.0 billion in onchain fees between July and September 2026, a 36% increase from the previous quarter, according to fund 1kx. The revenue figure, compiled from payments across more than 2,600 protocols, comes almost two-thirds from decentralized finance, led by decentralized exchanges and perpetual futures markets. The number of active fee-generating protocols reached a record of 1,942, while Uniswap, Pump.fun and Polymarket lead the decentralized finance rankings. However, the value redistributed to token holders declined by 6% to $1.5 billion, illustrating increased concentration of fees among protocols.
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