According to investment firm 1kx, transaction fees across blockchain networks point to substantial real-world usage driving the $20 billion on-chain crypto market.
Summary
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Terms & Concepts
On-chain economy: Economic activity occurring directly on blockchain networks, including transactions, smart contracts, and decentralized applications.
Transaction fees: Charges paid by users to process and validate blockchain transactions, often indicating network demand.
1kx: A blockchain-focused investment firm that provides capital and support to crypto and Web3 projects.