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Ethereum has emerged as the leading blockchain in fee earnings for 2024, generating approximately $2.48 billion, representing a 3% increase from the previous year. This follows the Dencun upgrade, which aimed to reduce costs on the network. Tron secured the second position with earnings of $2.1 billion, while Bitcoin trailed with $922.9 million. Solana and BNB Chain also contributed with revenues of $750.7 million and $194.8 million, respectively. The data indicates that Ethereum's dominance continues, driven by high on-chain activity, including decentralized finance (DeFi) and non-fungible token (NFT) transactions.
[COINGECKO] Ethereum Led All Blockchains in Fee Revenue for 2024, Collecting $2.5B Despite Cost-Reducing Upgrade $ETH https://t.co/pn8GOJ0XkO
for context, non-mevboost gas usage per block has fallen 40% over the past year. lots of factors at play, but the biggest is dex trading leaving public mempools. https://t.co/6gfUar5H9v https://t.co/9CohuO7NI1
Solana vs Ethereum App Revenue. A few observations: 1) Yesterday Solana protocols generated roughly 7X as much revenue as Ethereum mainnet protocols. 2) Ethereum App Revenue has grown throughout the past 12 months, driven by Aave and Maker. 3) Solana revenue grew in 5 waves… https://t.co/iDvKIKseT5
