DeFi Protocols Such as Lido Are Generating More Fees Than Layer 1 Blockchains

The article details the financial performance and fee generation of various decentralized finance (DeFi) protocols, highlighting that some are now surpassing traditional blockchains like Bitcoin. It emphasizes the growth and significance of fee-based revenue models in the evolving web3 ecosystem. Tags like **Blockchains, Ethereum, Cryptocurrencies, Decentralized finance**, and **Web3** underscore the interconnectedness of Bitcoin with the broader DeFi and blockchain space discussed in the article.