On-chain data platform Nansen has launched a display of protocol revenue across various blockchains over the past 7 days. What’s pretty brutal is that only 11 blockchains made over $100,000 in revenue in the past 7 days. The top 6 are Tron, Ethereum, Solana, BNB, Bitcoin, and Base chain. Together, they account for over 95% of on-chain user spending. No doubt, the vast majority of the rest are ghost chains—low activity data and nearly zero revenue.