According to a recent report by Lookonchain, in the past year, Ethereum’s transaction fee revenue has surpassed Bitcoin’s, an impressive 100%. Specifically, Ethereum generated $2.73 billion in fee revenue, leading the industry. This data highlights Ethereum’s significant advantage, doubling Bitcoin’s fee income. This success is largely attributed to ETH’s broader applications and services, resulting in higher fees and transactions.
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Financial giant Fidelity announces collaboration with blockchain projects. Bitcoin follows with $1.3 billion in fees, ranking second. Tron network ranks third with nearly $460 million. Other networks contribute to the total fee revenue:
Solana increased by $241.3 million, Binance Smart Chain registered $17.66 billion,
Avalanche – $688,300. In addition, zkSync Era earned nearly $600,000,
Optimism accumulated $404,000,
Polygon – $239,000.
Here are the top 10 chains ranked by fee revenue over 10 years.
#Ethereum
Earns $2.728B in fees annually,
#Bitcoin
Earns $1.302B in fees annually, and
#Tron
Earns $459.39 billion in fees annually.
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— Lookonchain (@lookonchain)
July 3, 2024
