Ethereum

2024

Solana

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Ethereum has topped the chart among other chains in yearly fee revenue.</strong></li>
 <li><strong>Ethereum earned $2.728 billion in fees last year, over twice that of Bitcoin.</strong></li>
 <li><strong>Layer-2 protocols are flourishing in the Ethereum ecosystem. </strong></li>
</ul>
<p>Ethereum has topped the charts in annual fee revenue, generating more than twice the fees of the Bitcoin blockchain over the same period. According to a recent post by blockchain analytics platform Lookonchain, Ethereum earned $2.728 billion in fees last year, while Bitcoin earned $1.302 billion.</p>
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   <p lang="en" dir="ltr">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" target="_blank" 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" target="_blank" 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" target="_blank" rel="noopener noreferrer nofollow">#TronNetwork</a> earns a fee of $459.39M per year. <a href="https://t.co/ixAiP9g8JA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ixAiP9g8JA</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808411819700277746?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<p>Meanwhile, Tron Network secured third place with $459.39 million in network fees, followed by Solana with $241.29 million, and Binance Smart Chain (BSC) with $176.56 million.</p>
<p>Ethereum’s clear lead in generated fees suggests that the decentralized application platform rewarded its network validators more than twice as much as miners on the Bitcoin blockchain.</p>
<p>This performance is particularly notable g…</p>
<p>The post <a href="https://coinedition.com/ethereum-tops-the-chart-in-network-fees-ahead-of-bitcoin-by-2x/" rel="noopener noreferrer nofollow">Layer-2 Solutions Drive Ethereum’s Fee Revenue to New Heights</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Layer-2 Solutions Drive Ethereum’s Fee Revenue to New Heights

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