The Ethereum blockchain is sitting at the top spot by one-year revenue, surpassing all major blockchains.
According to data provided by Lookonchain, Ethereum generated a one-year revenue of $2.72 billion, surpassing the Bitcoin network by a $1.42 billion margin. Data shows that Bitcoin accumulated $1.3 billion in revenue in the same timeframe.
Here are the top 10 chains by 1-year fee revenue.#Ethereum earns a fee of $2.728B per year, #Bitcoin earns a fee of $1.302B per year, and #TronNetwork earns a fee of $459.39M per year. pic.twitter.com/ixAiP9g8JA
— Lookonchain (@lookonchain) July 3, 2024
Data from Defi Llama shows that Ethereum is still leading the decentralized finance (defi) chart with a total value locked (TVL) of $58.4 billion — accounting for 60.9% of the whole market. The blockchain recorded a 30-day fee income of $131 million, per the data aggregator.
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Bitcoin’s TVL is currently sitting at $1 billion.
The network for the second-largest cryptocurrency, ETH, witnessed a 155% year-over-year increase in its fee revenue in Q1 this year as the crypto market recorded a bull run.
Tron came in third with a one-year revenue of $459 million. Solana and BSC also recorded nine-figure fee incomes of $241 million and $176 million, respectively.
Notably, Tron is the second-largest chain in the defi scene with a TVL of $7.7 billion. BSC and Solana secure the third and fourth spots with TVLs of $4.8 billion and $4.5 billion, according to Defi Llama.
Avalanche, zkSync Era, Optimism and Polygon made it to the top 10 with $68 million, $59 million, $40 million and $23 million in one-year revenues, respectively.
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