Ethereum

Bitcoin

Polygon

Avalanche

zkSync

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Ethereum has surpassed Bitcoin in fee income over the past year by an epic 100%, according to the newest report from&nbsp;<a href="https://x.com/lookonchain/status/1808411819700277746" rel="noopener noreferrer nofollow">Lookonchain</a>. Thus, its network has recorded $2.73 billion in fee income, the most in the industry. Bitcoin, in second place, generated $1.3 billion. Closing the top three is Tron Network, with almost $460 million.
Other networks also contributed to the overall fee income landscape.&nbsp;<a href="https://u.today/superstar-sydney-sweeney-hacked-to-promote-fake-solana-based-memecoin" rel="noopener noreferrer nofollow">Solana</a> generated $241.3 million, Binance's chain accumulated $176.6 million and Avalanche recorded $68.83 million. Additionally, the zkSync Era earned nearly $60 million, Optimism $40.4 million and Polygon $23.9 million.
<blockquote>
 Here are the top 10 chains by 1-year fee revenue.<a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> earns a fee of $2.728B per year, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> earns a fee of $1.302B per year, and <a href="https://twitter.com/hashtag/TronNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TronNetwork</a> earns a fee of $459.39M per year. <a href="https://t.co/ixAiP9g8JA" rel="noopener noreferrer nofollow">pic.twitter.com/ixAiP9g8JA</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808411819700277746?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
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As the data highlights, Ethereum has a significant lead, doubling Bitcoin's revenue. This result is attributed to a broader range of applications and services on the network of the main altocin, with higher usage and transaction fees as a result.
<h2 dir="ltr" id="sure-win">Sure win?</h2>
Ethereum's ecosystem supports decentralized finance platforms, NFTs and various applications, all of which contribute to increased transaction volume and fee income. This is what has positioned ETH as a more versatile and widely used network compared to&nbsp;<a href="https://u.today/bitcoin-btc-price-likely-to-hit-new-ath-in-2024-report" rel="noopener noreferrer nofollow">Bitcoin</a>.
In return, Bitcoin's revenue, while still over a billion dollars, is primarily driven by its role as a digital store of value and medium of exchange. Its transaction fees are affected by network congestion and the price of BTC itself, which can fluctuate significantly.&nbsp;
However, it still lacks the extensive range of applications found in the&nbsp;<a href="https://u.today/heres-when-ethereum-etfs-are-going-to-launch" rel="noopener noreferrer nofollow">Ethereum</a> ecosystem, resulting in lower overall fee income.

Ethereum Skyrockets 100% Against Bitcoin in Annual Revenue

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