๐Ÿš€๐Ÿš€Buckle up, BTC enthusiasts! Ethereum is soaring high, surpassing Bitcoin in terms of 1-year fee revenue, raking in a whopping $2.728 billion, according to data compiled by Lookonchain. Bitcoin, our beloved crypto, trails in second place, generating $1.30 billion in fees. ๐Ÿฅˆ๐Ÿ’ฐ

Tron blockchain secured the third spot with $459.39 million, while Solana and Binance Smart Chain (BSC) claimed the fourth and fifth spots with $241.29 million and $176.56 million respectively. ๐Ÿ“Š๐Ÿ’น

Meanwhile, Ethereum is also leading the smart contract platform space, claiming a hefty 62% of the $695 billion market cap. ๐Ÿ†๐Ÿ’ช

CoinMarketCapโ€™s latest analysis revealed that Ethereum has outperformed in revenue generation, accounting for 70% of all income among Layer 1 blockchains. Ethereum's DeFi TVL has doubled since the beginning of this year, solidifying its dominant position in the industry. ๐Ÿ“ˆ๐Ÿ”ฅ

Despite the launch of other blockchain networks offering lower fees and faster transaction times, Ethereum's dominance continues. Users seem willing to pay higher fees, indicating the strength and value of the Ethereum network. ๐ŸŒ๐Ÿ’Ž

Stay tuned for more exciting crypto news! ๐Ÿš€๐ŸŒ•