Top 10 Cryptocurrencies by Fee Revenue in 1 Year (Analysis)

Regardless of the launch of a sequence of blockchain networks providing decrease charges and quicker transaction instances, Ethereum’s dominance continues, with customers seemingly prepared to pay larger charges.

Because of this, Ethereum has surpassed Bitcoin in 1-year charge income, in keeping with information compiled by Lookonchain. Ethereum leads the way in which with a whopping $2.728 billion in charges, whereas Bitcoin follows intently behind, producing $1.3 billion in charges.

In accordance with information from the favored on-chain analytics platform, the Tron blockchain ranked third with $459.39 million in charges throughout the identical interval, indicating its rising recognition. Solana and Binance Sensible Chain (BSC) ranked fourth and fifth with annual charge revenue of $241.29 million and $176.56 million respectively.

On this record, Avalanche ranks sixth, zkSync Period ranks seventh, and Optimism ranks ninth, rating with US$68.83 million, US$59.77 million, and US$40.4 million respectively. Polygon ranked tenth final yr with simply $23.91 million in charges.

On the similar time, Ethereum additionally leads the sphere of good contract platforms, accounting for 62% of the $695 billion market capitalization, which apparently represents the height share in 2024.

Newest CoinMarketCap analyze It was revealed that the community additionally carried out nicely when it comes to income technology, accounting for 70% of all income from layer 1 blockchains. Moreover, Ethereum’s DeFi TVL has doubled thus far this yr, consolidating its dominance within the trade.

“Though the general TVL within the DeFi discipline has declined this yr, Ethereum continues to be the dominant chain in DeFi, accounting for roughly 84.3% of the TVL market share, which is principally pushed by DEX transactions and staking.”