Behold the Ethereum network, reigning as the most esteemed of users.
Transaction fees can be a determining factor in identifying the most commonly used blockchain.
According to data from cryptofees.info, the Ethereum network receives the highest transaction fees per day, accounting for 69% of transaction shares in the top 10 layer 1 blockchains. đEthereum is closely followed by Bitcoin and Binance Smart Chain. đ°
The Ethereum network contributes to several aspects such as NFTs, layer 2 solutions, DeFi, and gaming. đźTransaction fees on the Ethereum network are either burned or paid to validators. đž