1kx @1kxnetwork · 23 Jul 2026
Onchain fees fell 33% in Q2, year over year. Value returned to token holders barely moved. That second number is the more interesting one. The decline itself is what a bear market looks like. DEX fees dropped $625M (-57%), led by @MeteoraAG, @Raydium and @PancakeSwap, three https://t.co/7IJOjf9dGA
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