Svmuu News: Crypto venture capital firm 1kx reported that on-chain protocol fees fell 33% year-over-year in the second quarter, with DEX fees falling by $625 million, a 57% decline, driven primarily by Meteora, Raydium, and PancakeSwap—these three protocols collectively generated $1.5 billion in fees during the first half of last year; Blockchain and MEV fees fell by 40% to $362 million; launchpad fees dropped by 57%, with Pump.fun accounting for nearly half of that total. Fees from perpetual contracts and prediction markets increased by 22% year-over-year, driven by edgeX and Hyperliquid; Polymarket’s fees for the quarter approached $100 million.