List of the Top 25 Free DeFi Tools in 2025

Simplify your tax reporting process with Koinly, a tool designed to ensure accuracy and reliability; just link your exchange accounts or public addresses, and Koinly will handle the calculations of your capital gains, ultimately producing a tax report ready for the next filing season. The final report provided is approved by tax agencies, making it straightforward to print and submit. Koinly offers a comprehensive accounting and tax reporting solution tailored for cryptocurrency enthusiasts, investors, and accountants alike. With an impressive range of over 700 integrations, Koinly is compatible with upwards of 400 exchanges, 100 wallets, and more than 170 blockchains, enabling users to maximize their cryptocurrency capital gains effectively. You can consolidate all your transactions in one convenient location, eliminating the hassle of switching between various wallets and accounts. By easily syncing your data with Koinly, you gain a clear overview of your entire trading history. Tracking your cryptocurrency assets and associated tax obligations is effortless, as you can monitor your total holdings and portfolio growth over time across all your wallets and exchanges, alongside your tax responsibilities. Additionally, Koinly equips you with tools to identify and resolve any discrepancies in your transactions, helping to eliminate the headache of unexpected gains and erroneous tax reports. With Koinly, you can confidently preview your capital gains and tax obligations for free before generating the necessary tax documentation.

Monitor your cryptocurrency transactions and assess your earnings effortlessly. With ZenLedger, you can swiftly create the necessary crypto tax documentation and financial summaries tailored to your needs. The platform is designed to work seamlessly with all leading exchanges such as Binance and Coinbase, accommodating various cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as traditional fiat currencies. Regardless of whether you're an active trader, a miner, or a long-term investor, ZenLedger generates Profit and Loss statements suitable for both you and your tax advisor. The service comprehensively imports all your trading activities and organizes your essential paperwork, which includes Capital Gains Reports, Income Reports, Donation Reports, and Closing Reports. Furthermore, ZenLedger offers the opportunity to connect with a tax expert, such as a tax attorney, CPA, or Enrolled Agent, ensuring your tax filing process is both quick and effective while employing optimal tax strategies. Each fully prepared package includes the 1040 form along with all necessary schedules, although it is important to note that all services are subject to specified time constraints. Taking advantage of ZenLedger not only simplifies your tax preparation but also helps maximize your financial returns.

HollaEx® serves as a comprehensive blockchain infrastructure toolkit that simplifies access to various crypto technologies, including wallets, renowned blockchains, and trading platforms. By utilizing HollaEx, individuals can effortlessly launch their own cryptocurrency exchange, complete with tailored coins, token models, and digital marketplaces. 💱 This cutting-edge offering provides robust, cost-effective, and intuitive crypto tools that are highly adaptable, allowing for seamless rebranding. HollaEx features automated cryptocurrency deposits and functions as a complete white-label crypto solution that is both straightforward and effective, giving businesses a reliable platform to build upon. 🏢 Designed for crypto technology enthusiasts and budget-conscious teams, the do-it-yourself launch kit enables users to explore the market with ease. Additionally, HollaEx offers a cloud exchange service that allows businesses to enter the market swiftly while minimizing operational challenges, catering to the needs of the crypto community. 💡 With its integrated liquidity and a network connecting over 100 exchanges, HollaEx simplifies market-making, allowing exchange operators to concentrate on enhancing their localization, marketing strategies, branding, and overall crypto business plans. 🤝 Ultimately, HollaEx's white-label solution is a versatile and dynamic crypto toolkit, making it an excellent choice for enterprises aiming to establish a strong digital and global presence. Businesses can leverage these innovative tools to navigate the evolving landscape of cryptocurrency with confidence. 💼

Embark on your exploration of blockchain applications in just a few moments. Trusted by over a million users worldwide, MetaMask is available as both a browser extension and a mobile app. This multifunctional tool serves as a secure repository for your keys, ensures a safe login process, functions as a token wallet, and provides a platform for token exchanges, effectively encompassing all the necessary features for managing your digital assets. It stands out as one of the most intuitive yet secure ways to connect with decentralized applications on the blockchain. By venturing into the new decentralized web, you maintain complete control over your interactions. MetaMask takes care to generate passwords and keys locally on your device, ensuring that only you can access your accounts and personal information. You are empowered to choose what data to share and what to keep private. As an essential asset for blockchain newcomers, token investors, crypto aficionados, and developers, MetaMask has achieved over a million downloads and continues to rise in popularity! Its user-friendly interface not only enhances the experience for its users but also makes it an indispensable tool for navigating the fast-paced digital environment. With its ongoing expansion and commitment to security, MetaMask is positioned to remain a cornerstone in the world of cryptocurrency and decentralized finance.

The 1inch Wallet serves as an all-encompassing crypto application suitable for both novices and seasoned traders alike. This swift and secure non-custodial wallet features an integrated DEX aggregator, enabling users to effortlessly store, send, receive, and trade cryptocurrencies across prominent networks such as Ethereum, BNB Chain, Polygon, Optimistic Ethereum (OΞ), Arbitrum, Gnosis Chain, Avalanche, Fantom, Klaytn, Aurora, and ZkSync. With support for a multitude of tokens on these networks, the 1inch Wallet guarantees a wide array of options for those passionate about cryptocurrency. Step into the DeFi landscape with ease through 1inch, which not only provides access to substantial liquidity across various blockchains but also offers more favorable rates for crypto exchanges compared to standalone platforms. By automatically streamlining trades across hundreds of decentralized exchanges, the 1inch Wallet conserves your time and removes the burden of manually searching for optimal swap rates. Prioritizing efficiency and user experience, the 1inch Wallet is crafted to be the most accessible and secure crypto wallet application on the market. As you navigate its features, you'll discover a seamless experience that enhances your ability to manage and trade cryptocurrencies effectively, making it an indispensable tool for any crypto enthusiast.

MyEtherWallet (MEW) is a user-friendly, open-source interface designed for creating and managing Ethereum wallets and facilitating interactions with the Ethereum blockchain. This platform enables users to easily generate wallets and engage with smart contracts, ensuring a smooth experience for both seasoned cryptocurrency enthusiasts and newcomers alike. When you create your Ethereum wallet, you receive a public address (0x...) and can select your preferred method for access and recovery. MEW stands out by providing a straightforward way to navigate the complexities of the Ethereum ecosystem, making it an ideal choice for those interested in cryptocurrency. Our dedicated team of crypto enthusiasts aims to simplify the management of your ERC20 and ETH tokens, prioritizing security and intuitive design. With continuous updates introducing new earning opportunities, integrations, and side chains, MEW is poised for a future filled with endless possibilities. As the cryptocurrency landscape evolves, MEW remains committed to enhancing user experience and expanding its features to meet the growing demands of its community.

Experience the convenience of managing all your cryptocurrency in one place. XDEFI is a non-custodial wallet designed for the secure swapping, storage, and transfer of NFTs and cryptocurrencies across 15 different blockchains. Join over 100,000 satisfied users who have placed their trust in XDEFI Wallet! This wallet serves as a comprehensive solution for all of Web3, enabling you to swap, send, and store more than 10,000 different assets across networks including Ethereum, Solana, THORChain, Avalanche, Fantom, Arbitrum, Polygon, Bitcoin, Binance Chain, Binance Smart Chain, Doge, Litecoin, Luna2, Luna Classic, and Bitcoin Cash. Additionally, it features a unified and customizable gallery for showcasing your NFTs from Ethereum, Avalanche, Fantom, Arbitrum, Polygon, Binance Chain, and Luna2. Enjoy the benefits of permissionless swaps and bridging, allowing for unlimited exchanges of all THORChain assets directly within the wallet. With XDEFI Wallet, your data remains secure as we never have access to your funds; we do not store your seed phrase, password, or any other private information. You maintain complete control over your assets and personal data at all times, giving you peace of mind in your cryptocurrency journey.

Orbit Bridge facilitates connections among 15 public blockchains, such as Ethereum, BNB, HECO, Polygon, Ripple, Klaytn, ICON, Celo, and Avalanche. Focused on advancing the interoperability of diverse blockchain networks, Orbit Chain aims to enhance the decentralized finance (DeFi) landscape by delivering superior products and services. This initiative not only fosters a larger user base but also contributes to a robust blockchain ecosystem, encouraging the expansion of decentralized applications (dApps) across all linked mainnets. Consequently, this effort will lead to greater innovation and collaboration within the blockchain community.

CoinTracking provides a comprehensive analysis of all your trading activities, delivering real-time insights on profits and losses, coin valuations, as well as both realized and unrealized gains, alongside detailed tax reports and additional relevant data. With access to a complete overview of prices for over 9,041 different cryptocurrencies and digital assets, users can effectively monitor all transactions in real time, making it suitable for both novice and experienced investors in the digital currency space. If you're just beginning your journey with CoinTracking, our 16 instructional videos will guide you through every function and setting available. The platform features interactive charts for tracking trades and individual coins, along with detailed profit/loss and audit reports. You can view all transactions conveniently on a single page, and it supports seamless imports from over 70 exchanges. Automated data import via APIs allows for direct synchronization with the blockchain, and users can easily export their information in formats such as Excel, PDF, and CSV. The service also accommodates capital gains, income from mining, and more, offering 12 different tax calculation methods including FIFO, LIFO, and AVCO. This resource is particularly useful for accountants and tax offices, as it can be tailored to meet the regulatory needs of various countries, ensuring accurate financial reporting for your investments. With CoinTracking, you'll never lose sight of your portfolio's performance and tax obligations.

This application is specifically crafted for the secure management of your cryptocurrency, allowing you to maintain control over your digital assets from a single, convenient hub. Harness the advantages of Decentralized Applications to effortlessly send funds directly to friends without the hassle of complex addresses. With this solution, you gain complete authority over your tokens and collectibles, storing them securely on your personal device. Effortlessly handle a diverse array of cryptocurrencies, such as BTC, BCH, ETH, ETC, LTC, and all ERC-20 tokens. Showcase your ERC721 collectibles, ranging from adorable cats and monsters to breathtaking art, in a beautifully curated gallery that reflects your unique taste. Your private keys are protected with advanced Secure Enclave technology and biometric authentication, ensuring enhanced security for your assets. Delve into decentralized exchanges, explore job opportunities, and discover digital collectibles within this groundbreaking financial ecosystem. Make effortless global payments using just the Coinbase Wallet username of the recipient, streamlining your transactions. Additionally, the wallet opens doors to premium Decentralized Exchanges and Relayers for trading and obtaining tokens, allowing you to connect with a vibrant collection of items, including cats, robots, and stunning artwork for use in various games and marketplaces. Beyond simply managing your assets, this app immerses you in the dynamic realm of decentralized finance, enabling you to stay at the forefront of innovation and trends in the crypto space. Furthermore, it empowers you to make informed decisions about your investments while enjoying a seamless user experience.

Our GraphQL APIs designed for decentralized exchanges (DEX) deliver real-time trading data from a variety of DEX protocols and numerous blockchain networks. Users can access trade information from platforms like Kyber, Uniswap, 0x, Balancer, PancakeSwap, and others, enabling them to extract valuable insights. By leveraging this DEX trade data, you have the opportunity to create visual charts, conduct advanced analytics, identify potential arbitrage opportunities, or engage in comprehensive DEX market research. Bitquery provides a robust suite of software solutions that adeptly parse, index, and consolidate blockchain data within a unified framework. Beyond just data management, it offers tailored market insights for specific projects while monitoring industry trends across different blockchain environments. This includes a thorough analysis of fund flows for compliance and investigative needs, facilitating the tracing of financial origins and destinations. Additionally, our APIs extend to analytics for Decentralized Finance (DeFi) protocols and support scientific research aimed at progressing blockchain technology. By utilizing these innovative tools, users can uncover new perspectives on the intricate nature of the blockchain ecosystem, enhancing their understanding of its dynamics. Such engagement can lead to more informed decision-making and strategic planning in the rapidly evolving blockchain space.

A non-custodial wallet integrates a wide array of DeFi services into one platform, empowering users with full control over their cryptocurrencies and private keys. Manage effortlessly over 100 coins, including BTC, ETH, CRO, ATOM, DOT, LTC, and an assortment of ERC20 tokens. You can easily transfer your existing wallet using a recovery phrase consisting of 12, 18, or 24 words. When sending crypto, you have the flexibility to select your preferred confirmation speed and network fee. Additionally, you can earn interest on more than 35 tokens through platforms such as Yearn Earn V2, Compound, Aave, as well as Crypto.org Chain and Cosmos Staking, all without any lock-in obligations and promising impressive returns. This wallet is the ideal space for farming and swapping DeFi tokens directly from your DeFi Wallet. Liquidity Providers enjoy Swap-fee Sharing and increased yield for select liquidity pools. By staking CRO, your yield potential can rise by as much as 20 times. Your private keys are securely stored locally on your device with the help of Secure Enclave technology, complemented by Biometric and 2-Factor Authentication systems. Moreover, the wallet features an intuitive user interface that makes navigation simple for both new and seasoned crypto enthusiasts, ensuring a seamless experience for everyone. As a result, users can confidently engage in the dynamic world of decentralized finance while enjoying the benefits of enhanced security and usability.

Hedge3 Widgets offers a user-friendly, code-free platform that allows distributors to effortlessly navigate the decentralized finance (DeFi) space through its trading widgets. By incorporating top DeFi protocols, the service enables users to tailor their fees and revenue streams. The platform is designed to provide easily integrable trading solutions that significantly improve user experience, thereby allowing distributors to broaden their income potential while also boosting user interaction. With a strong technological backbone, Hedge3 emphasizes both scalability and security in its services. Additionally, transactions such as trades and asset swaps generate fees, which support a revenue-sharing model advantageous to distributors, positioning Hedge3 as a dynamic entity within the growing DeFi landscape. This forward-thinking strategy not only promotes financial advancement but also plays a crucial role in the wider acceptance of decentralized financial solutions. Ultimately, Hedge3's approach is set to reshape the way distributors engage with and benefit from the evolving DeFi market.

WalletConnect is an open-source protocol that connects decentralized applications to mobile wallets through methods like QR code scanning or deep linking. This innovative approach allows users to interact securely with any decentralized app (DApp) via their mobile devices, making WalletConnect wallets a safer option compared to traditional desktop or browser extension wallets. The protocol creates a seamless connection between web applications and compatible mobile wallets, enhancing user convenience. Users can start a WalletConnect session by either scanning a QR code displayed on their desktop or by tapping a deep link on their mobile device. It's important to clarify that WalletConnect is not a standalone application; instead, it is a widely adopted protocol utilized by numerous DApps and wallets. To take advantage of this service, users only need to install any mobile wallet that supports the WalletConnect protocol, which is compatible with both Android and iOS platforms. A notable aspect of WalletConnect is that it does not involve any tokens and does not function on a blockchain, which means that users are not subject to transaction fees. The WalletConnect initiative is actively developed by a dedicated community of open-source contributors who are engaged in a variety of wallet and DApp projects. For those interested in participating in the development or contributing to the project, we welcome you to connect with us on Discord or Telegram, as your contribution would be highly valued. Furthermore, the ease of use and adaptability of WalletConnect enhances the overall user experience in the decentralized finance landscape, making it a pivotal tool for both developers and users alike. This combination of security and accessibility positions WalletConnect as a crucial element in the evolution of decentralized applications.

KingData aims to establish a unified, accessible, and interconnected decentralized banking framework tailored for commercial applications. By incorporating a range of multi-chain and multi-protocol capabilities, it meets the essential needs of users who want to explore, invest in, and manage their financial portfolios in the Web3 environment. Utilizing its unique Web3 data recommendation engine and user behavior insights, the platform facilitates swift identification of appropriate protocols, allowing for prompt investments, trading, and portfolio management. With a strong focus on transparency and interconnectedness, KingData provides a thorough suite of Subgraph API standards, including metrics like APY and TVL, ensuring users have access to the most comprehensive Web3 financial data, which they can easily query and apply. Furthermore, the platform is set to introduce access standards for its recommendation system, permitting any protocol that aligns with these criteria to be suggested and integrated throughout its varied modules and supply chain. This methodical strategy is designed to improve user experience and foster greater engagement in the rapidly changing world of decentralized finance. Among the standout features of KingData are an APY TVL Tracker, a DeFi Portfolio Tracker, a Wallet Tracker, sophisticated Data Analysis tools, and a Robo-Advisor aimed at guiding users in making well-informed financial choices. By continuously evolving its features and capabilities, KingData strives to remain at the forefront of the decentralized finance revolution.

Zerion is a cryptocurrency wallet designed primarily for mobile use, catering to the needs of active participants in the Web3 space. With Zerion, users can effortlessly manage their entire DeFi and NFT collections, trade across more than ten different networks, and connect with any decentralized application while on the go. The wallet supports a variety of networks including Ethereum, BSC, Polygon, Optimism, Fantom, Avalanche, and many others. Every action you take within the Web3 ecosystem is monitored, as Zerion Wallet keeps track of all your activities. Users can trade on various blockchains, with Zerion comparing swap prices across platforms like 0x, 1inch, and other prominent decentralized exchanges to ensure the best trading rates. The built-in decentralized app browser allows for seamless connectivity to any application while you’re on the move, enabling easy transitions between wallets and networks so you’ll never miss out on an NFT drop again. Privacy remains a top priority for Zerion Wallet; it does not track your IP address and avoids any cross-association with wallets. Furthermore, the website is entirely de-Googled, reinforcing its commitment to user privacy and security. With these features, Zerion stands out in the vast landscape of cryptocurrency wallets.

Enable your users to effortlessly interact with your Ethereum application from anywhere, free from the limitations of wallets, browser extensions, and seed phrases. Prominent blockchain firms worldwide have embraced Fortmatic, recognizing that a significant 65% of users prefer engaging with applications through mobile web rather than exclusively on desktops. If your application already supports web3 and MetaMask, no modifications are required; Fortmatic acts as an enhanced alternative. It is compliant with SOC 2 Type 1 standards and utilizes a non-custodial HSM architecture, guaranteeing both security and dependability. By integrating Fortmatic, you can streamline user onboarding by an impressive 70%, offering a familiar Web 2.0 experience that is adaptable, embedded, and keeps users engaged within your app ecosystem. Users benefit from a variety of features, including OTP codes, device two-factor authentication, recovery emails, and more. Fortmatic exemplifies a collaborative effort by leading experts known for their successful product development. Its user-friendly interface allows you to deploy your application in just minutes, while the Fortmatic SDK facilitates the seamless integration of your app with the Ethereum blockchain, whether you are improving an existing dApp or launching a new one. This level of flexibility empowers you to concentrate on delivering value to your users without being hindered by the usual challenges of blockchain technology, ultimately enhancing user satisfaction and engagement.

Filet operates as a decentralized mining platform for Filecoin, functioning across both Filecoin and BSC networks. It offers an impressive annualized return of approximately 24% in FIL. The transparency of mining power and assets is a key feature of the platform, ensuring users have full visibility. Supported by a major storage provider in North America, Filet is an integral part of the broader Filecoin ecosystem. The platform boasts an open-source structure and has undergone audits by Certik for security assurance. At present, more than 370,000 FIL have been staked on Filet, allowing participants to engage in Filecoin mining seamlessly. This level of participation reflects the growing interest in decentralized storage solutions.

Explore community-driven Ethereum analytics that enable users to effortlessly investigate, create, and share insights. With a diverse selection of dashboards tailored for various projects, you can track key metrics across sectors like DeFi, gaming, and more. Leverage SQL to access user-friendly data and craft personalized charts and dashboards that align with your needs. Our platform streamlines the interpretation of Ethereum smart contract data, allowing users to conduct thorough analyses using simple SQL queries through an intuitive interface. Instantly convert your query results into engaging graphs that improve your comprehension. Delve into an extensive collection of thousands of queries and dashboards ready for forking and exploration at this very moment. Dune Analytics is committed to remaining free forever, with an option to upgrade to our Pro plan for enhanced features such as private queries and data exports. The abundance of insightful queries and dashboards available on Dune offers invaluable resources for both novice and seasoned analysts alike. Moreover, we provide a curated selection of top dashboards highlighting prominent projects, as well as essential resources to help you embark on your analytical journey. Join a thriving community of analysts and elevate your understanding of the Ethereum ecosystem today.

Unlock the potential of real-time data analysis, which enables you to create unique trading strategies, anticipate market shifts, spot significant spreads, track and emulate successful wallets, and much more. Designed specifically for users of UNISWAP and SUSHISWAP, DEXTools makes it easier to forecast market trends and refine your trading methods. This adaptable tool is available on all platforms, including desktops, tablets, and smartphones, so you can oversee your trading endeavors from anywhere at any time. For DEXT subscriptions, you can acquire DEXT through various exchanges, allowing for seamless data saving and retrieval across devices. Set up live notifications to keep abreast of market developments, and develop innovative trading strategies focused on boosting your profits. Explore new liquidity pools and manage your investments by adding or removing liquidity while identifying promising opportunities and avoiding scams, all while monitoring key trading pairs through real-time visuals and transactions. Furthermore, you can curate a list of your favorite pairs to ensure that you never overlook an important swap opportunity. This all-encompassing tool equips you to navigate the trading environment with assurance and accuracy, ultimately enhancing your overall trading experience. By leveraging these features, traders can significantly improve their performance in the competitive financial markets.

Glassnode is a leading provider of blockchain intelligence and analytics, offering cutting-edge metrics and tools specifically designed for participants in the digital assets space. The platform excels at pinpointing market highs and lows within the cryptocurrency landscape. As a comprehensive on-chain data and intelligence resource, it features a real-time explorer that graphically showcases essential on-chain metrics. Furthermore, it houses the largest collection of advanced on-chain metrics across a variety of assets. Users benefit from contextualized and actionable insights, supplemented by in-depth reports and analyses, all of which stem from on-chain data. The process of integrating data from various blockchains demands considerable operational investment, encompassing time, resources, and a solid framework of databases, analytical tools, and skilled data scientists. Our distinguished team, along with our advanced infrastructure, allows us to deliver a quality and scale of service that is only attainable through specialized knowledge. Thus, Glassnode stands as a critical gateway for investigating and comprehending on-chain data. Ultimately, it equips users with the ability to make well-informed choices rooted in dependable data insights, which is vital in the rapidly evolving world of cryptocurrency.

Connect blockchain operations to external applications and devices while maintaining the integrity of decentralized finance platforms. Establish customized event triggers that enable instantaneous automation, generating clear alerts for every blockchain transaction, regardless of its scale. Craft complex workflows that link various blockchains with external applications, utilizing conditional logic, data collection, and formatting techniques. Effortlessly monitor all activities and create automation links between blockchains and applications through our intuitive monitoring wizard. For individual users and small enterprises, PARSIQ simplifies Smart-Triggers, ensuring they are well-organized and easily accessible. In contrast, larger organizations gain from bespoke infrastructure and extensive options for customizing their monitoring solutions. Furthermore, PARSIQ supports a variety of notification methods to suit your unique needs, whether via email alerts or notifications displayed on smart screens in appliances. This adaptability guarantees that all users can effectively supervise their blockchain operations, enhancing their overall experience. By prioritizing user needs, PARSIQ ensures a comprehensive solution for monitoring and managing blockchain interactions.

Orange Wallet is a browser extension that enables users to efficiently manage and access their Bitcoin, BRC20 tokens, and Ordinals NFTs. With the integration of the Orange Assistant powered by artificial intelligence, users can swiftly obtain information and insights regarding the broader cryptocurrency landscape. This platform is designed to be user-friendly while ensuring decentralization, non-custodial management, and user anonymity. It serves as your direct link to the Bitcoin blockchain, entirely free from third-party interference. Your private key remains solely under your control, your Bitcoins are securely held on the blockchain, and the decentralized app (DAPP) does not gather any personal information. Furthermore, Orange Wallet accommodates various protocols, including BRC20, Ordinals, Stacks, and the native Bitcoin protocol, making it a versatile choice for cryptocurrency enthusiasts. By combining user-centric features and robust security measures, Orange Wallet stands out in the ever-evolving crypto ecosystem.

Orbit Chain is an innovative cross-chain initiative designed to overcome the scalability challenges posed by the connectivity issues and resource constraints of current public blockchains such as Ethereum, BNB Chain, Ripple, and Klaytn. The existing blockchain systems face numerous difficulties, including restricted functionality, inconvenient user experiences, energy inefficiency, inadequate decentralization, and underdeveloped governance frameworks. To address these concerns, we have introduced Orbit, a groundbreaking blockchain network architecture aimed at providing effective solutions to these prevalent issues. This new architecture promises to enhance the overall efficiency and usability of blockchain technology in the evolving digital landscape.

Token Terminal is an all-encompassing platform that gathers financial data on major blockchains and decentralized applications. We believe that blockchains and decentralized apps possess core characteristics akin to traditional marketplace businesses. These digital entities create revenue, which is allocated to their supply-side stakeholders, like liquidity providers or miners, as well as their owners, the tokenholders. Similar to how conventional businesses are overseen by their shareholders, governance of these blockchain initiatives lies in the hands of their tokenholders. This viewpoint shapes our aim to evaluate and interpret blockchains and dapps through the lens of financial key performance indicators (KPIs), while challenging the widespread belief that cryptocurrencies exist solely for transaction purposes. As the realm of blockchains and dapps grows, their worth can increasingly be assessed through usage metrics and cash flow analysis, underscoring the necessity for a deeper understanding of their financial ramifications. By adopting this methodology, we can foster a more profound recognition of the economic opportunities inherent in these digital ecosystems, revealing their potential to transform various sectors.