Ethereum surpassed Bitcoin in terms of commissions collected twice
According to a report by experts from the analytical platform Lookonchain, ether has surpassed Bitcoin in terms of commission income for the first half of 2024. The profit of the Ethereum blockchain was $2.72 billion, and the Bitcoin network was $1.3 billion.
The Tron network is in third place in fee income for the first half of 2024 with $459.39. According to analysts, the increase in Ethereum profits is caused by the expansion of infrastructure and network scaling.
Lookonchain experts predict that the Ethereum network will show profit growth in the second half of 2024, as it offers new blockchain projects the opportunity to quickly enter the global market at low cost.
Ethereum's fee income exceeded $1.17 billion in the first quarter of 2024, up 155% from the same period in 2023, and in May the average fee on the Ethereum network reached 6.1 Gwei, the lowest since October 2023.
