Dune - The 2025 Multichain Report - Dune onboarded 40+ new networks in 2025, supporting 100+ chains, reflecting an ecosystem where no single chain dominates everything. Usage, liquidity, and narratives are now clearly fragmented across specialized execution, settlement, gaming, payments, and RWA chains - Chains are winning by specialization, not generality (Solana as high-performance trading rails, Base as consumer + distribution, Arbitrum as DeFi + RWA settlement, Celo/Plasma for payments, Plume for RWAs, Ronin for gaming, and NEAR for intents + agents) - The most consistent growth came from stablecoin flows, tokenized RWAs, and perps - Chains tied to strong distribution (Coinbase via Base) consistently outperformed technically impressive but poorly distributed networks Link: dune.com/2025-multichain-repor...