Onchain fees hit $4.0B in 2026-Q3, up 36% QoQ, while distributions to token holders fell 6%

Onchain fee growth outpaced token-holder payouts in 2026-Q3, with 1,942 fee-generating protocols active quarter-to-date as of September. The quarter is fully observed, with no extrapolation applied. The dashboard tracks fees across six sectors—Blockchains, Middleware, DePIN, DeFi/Finance, Wallets, and Consumer—plus protocol rankings, sector median P/F ratios, and a growth-versus-valuation scatter for opportunity analysis. Fees measure user-paid onchain costs, excluding issuer income like Circle or Tether; holder distributions subtract dilutive emissions. Data is sourced from DefiLlama, Token Terminal, Dune Analytics and others, with the bundle dated 2026-09-30.

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