Ethereum continues to dominate the blockchain industry, surpassing Bitcoin in 1-year fee revenue with a staggering $2.728 billion, according to data from Lookonchain. Bitcoin follows in second place with $1.30 billion in fees. Tron, Solana, and Binance Smart Chain (BSC) secured the third, fourth, and fifth spots, respectively.

Despite the emergence of other blockchain networks promising lower fees and faster transactions, Ethereum's supremacy remains unchallenged. It also leads the smart contract platform space, claiming 62% of the $695 billion market cap.

Ethereum's performance in revenue generation is equally impressive, accounting for 70% of all income among Layer 1 blockchains. Moreover, its DeFi Total Value Locked (TVL) has doubled since the start of this year, further cementing its leading position in the industry. Despite a reduction in DeFi TVLs this year, Ethereum still commands about 84.3% of the DeFi TVL market share.

This dominance is a testament to Ethereum's resilience and the trust users place in it, even in the face of higher fees. It also underscores the optimism in the market for Ethereum's continued growth and influence in the blockchain and DeFi sectors.