dapps

On January 15, 2025, at the National Forum for the Development of Vietnam's Digital Technology Enterprises for the sixth time, General Secretary To Lam assigned the task of building the Blockchain Layer 1 'Make in Vietnam' network to One Mount Group, a member of the Vietnam Blockchain Association (VBA).
One Mount commits to investing 200-500 million USD to develop a high-speed Blockchain network with outstanding scalability and optimal security. This is a strategic move to build national blockchain infrastructure, supporting decentralized applications (DApps) in various fields such as finance, healthcare, education, and public services.

Ethereum Maintains Market Dominance in Decentralized Applications

In the first quarter of 2025, Ethereum-based decentralized applications (dApps) generated over $1 billion in transaction fees, reaffirming Ethereum’s leadership in the decentralized finance (DeFi) and Web3 ecosystem. According to data from Token Terminal, this performance significantly outpaced competing blockchain platforms, reflecting Ethereum's continued dominance in network utility and developer engagement.

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Breakdown of Q1 dApp Revenue Across Major Blockchains

Ethereum dApps accounted for approximately $1.014 billion in fees during Q1 2025, positioning the network far ahead of its closest competitors:

Base (Coinbase’s Layer 2 solution): $193 million

BNB Chain: $170 million

Arbitrum: $73.8 million

Avalanche (C-Chain): $27.68 million

The significant gap between Ethereum and other networks highlights its unmatched ability to attract users, facilitate high-value transactions, and support advanced smart contract functionality.

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Layer 2s and Alternative Chains Show Growth, But Lag Behind

While Ethereum remains the dominant force, emerging Layer 2 solutions like Base and established alternatives like BNB Chain and Arbitrum are showing meaningful growth. Base’s second-place performance reflects Coinbase’s growing influence in the Layer 2 space, while Arbitrum and Avalanche continue to strengthen their ecosystems through scalability and developer-friendly solutions.

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Ethereum’s Ecosystem Strength Drives Performance

Ethereum’s strong infrastructure, coupled with its mature developer community and widespread adoption, has been pivotal in maintaining its leadership. The platform continues to serve as the primary foundation for DeFi protocols, NFT marketplaces, and Web3 innovation.

The volume of fees generated serves not only as a measure of user engagement but also as a critical indicator of a blockchain's economic activity and long-term sustainability.

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Conclusion: Ethereum Sets the Standard for dApp Utility

As dApp usage and fee generation become increasingly important metrics for evaluating blockchain performance, Q1 2025 results affirm Ethereum’s role as the benchmark for the broader decentralized application landscape. Despite rising competition, Ethereum’s robust infrastructure and first-mover advantage continue to set it apart in the rapidly evolving blockchain ecosystem.

🧠 Intro:
Say hello to a new altcoin on the scene: $WCT (WalletConnect Token). Freshly listed on major exchanges, it's already creating buzz. But beyond the hype, what exactly is this token - and does it deserve a spot in your portfolio?
Let’s break it down. 🚀
🔍 What Is $WCT?
$WCT is the official token of WalletConnect, one of the most widely used Web3 protocols that lets you connect crypto wallets (like MetaMask or Trust Wallet) to dApps — from DeFi to NFTs to Web3 games.
💡 The token brings governance and utility functions, including potential use in voting, staking, and future protocol fees. It’s not just a speculative launch — it’s tied to real infrastructure.
📊 Market Snapshot (as of early June 2025):
Price spiked post-listing, now consolidating around $0.5–$0.7Still early, but trading volume looks healthy and consistentWalletConnect is already integrated with top dAppsGrowing adoption = real utility = long-term relevance
Early-stage tokens are always volatile, but this one comes with real-world use.
🌐 Related Ecosystem Coins:
To understand $WCT potential, it helps to look at related coins in its ecosystem:
$ETH - Most dApps that use WalletConnect run on Ethereum. $WCT ’s growth is naturally linked to Ethereum’s dominance in Web3.
$UNI - Uniswap is one of the largest dApps accessed via WalletConnect. This shows WalletConnect’s vital role in DeFi.
📈 Long-Term Potential:
WalletConnect is already used by millions across DeFi, NFT, and gaming sectorsIf $WCT becomes essential for governance or platform usage, it could see organic demand growthOne of the few “infra tokens” that supports multi-chain usability and wallet interoperability
⚠️ What to Watch Out For:
Token distribution and full tokenomics still need more clarityNot many DEX listings yet → short-term liquidity may be limitedLike most newly listed coins, post-hype corrections are normal
Final Thought:
If you're exploring Ethereum dApps like UNI or active in the broader ETH ecosystem, $WCT could become an important piece of Web3 infrastructure worth watching early.
What’s Your Take on $WCT?


#Write2Earn #WalletConnect #dApps #WCT