In the crypto world, one of the things that is a priority is transaction fees. The reason is, this fee helps maintain the security of the blockchain environment, prevents spam and is a source of income for crypto companies.
According to bitcoinmarketjournal.com, there are five crypto investment projects with the highest transaction fees in 2024.
Therefore, the cryptoharian.com team will provide as simple an explanation as possible about the top five crypto investment projects based on the fees they generate.
Ethereum is a network that can run shared applications. Ethereum users pay transaction fees, known as gas fees to carry out transactions and run smart contracts.
Highlight:
– Ethereum fees are generally stable, except for a spike in March 2024 due to a major update.
– When the network is busy, costs can be very high. Layer-2 solutions help reduce these costs by moving some transactions to other blockchains.
Tron is a network that can run smart contracts and decentralized applications (dApps). This network generates fees from various transactions.
Highlight:
– In February 2024, Tron achieved its highest fee income due to active token burning which reduced the number of TRX tokens and increased their value.
– A portion of the fees is used to buy back and burn TRX tokens. This is done to help maintain its value.
