Top 10 Cryptocurrencies by One-Year Fee Revenue
Despite the launch of numerous blockchain networks offering lower fees and faster transaction times, Ethereum’s dominance remains strong, with users seemingly willing to pay higher fees.
According to data compiled by Lookonchain, Ethereum has surpassed Bitcoin in terms of one-year fee revenue. Ethereum leads the way with $2.728 billion in fee revenue, while Bitcoin is a close second with $1.3 billion.
According to the popular on-chain analytics platform, the Tron blockchain took the third spot with $459.39 million in fee revenue during the same period, showing its growing popularity. Solana and Binance Smart Chain (BSC) took the fourth and fifth spots with $241.29 million and $176.56 million in one-year fee revenue, respectively.
Avalanche ranked sixth, zkSync Era ranked seventh, and Optimism ranked ninth on the list, with fee revenues of $68.83 million, $59.77 million, and $40.40 million, respectively. Polygon took the tenth place with $23.91 million in fee revenue over the past year.
Meanwhile, in the smart contract platform sector, Ethereum is also in the lead, accounting for 62% of the $695 billion market value, which is also its peak share in 2024.
The latest CoinMarketCap analysis shows that Ethereum also performs well in terms of revenue, accounting for 70% of all Layer 1 blockchain revenue. In addition, Ethereum's DeFi total locked value (TVL) has doubled since the beginning of the year, further consolidating its dominance in the industry.
"Although the total locked value (TVL) in the DeFi field has decreased overall since the beginning of the year, Ethereum remains the dominant chain in the DeFi field, accounting for about 84.3% of the TVL market share, mainly driven by decentralized exchange (DEX) trading and staking."
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