Ethereum Leads Blockchain Fee Revenue in 2024 with $2.48 Billion in Gas Fees

Ethereum was all block chains in reimbursement revenues for 2024 and generated $ 2.48 billion throughout the yr. Nonetheless, these sturdy efficiency within the reimbursements have been in distinction with the value of ETH, which discover out the expectations in the identical interval.

All in all, Layer 1 and a pair of Blockchains collectively earned nearly $ 6.9 billion in transaction prices final yr.

Ethereum maintains the dominance of the reimbursements regardless of the Dencun improve

In accordance with the final Coingecko report, Ethereum’s revenue determine witnessed a rise of three% in comparison with the $ 2.41 billion earned in 2023.

Regardless of the Dencun -Improve in March 2024, which Layer 2 transaction prices and a steady shift of customers from the principle layer 1 chain to layer 2 scale options decreased, Ethereum maintained its dominance within the revenue of the reimbursements.

Coetecko found that the Ethereum charges fluctuated month after month. In 2023 it generated between $ 91.22 million and $ 448.70 million a month, with the next revenue throughout the MEME Munt of Might and the Marktstroom on the finish of the yr. In 2024 this attain expanded significantly, with the month-to-month revenue decreased between $ 62.82 million and $ 606.77 million.

The revenue from Ethereum reached $ 1.17 billion within the first quarter of 2024 and shaped nearly half of the annual complete. This was the most effective performing quarter of the blockchain in two years, resulting from a rise in exercise in chains brought on by AirDrop initiatives.

Bitcoin and BNB Necklace are left behind

Tron turned the second highest-earning blockchain and earned $ 2.15 billion in reimbursements in 2024, a rise of 116.7% in comparison with $ 922.08 million the earlier yr. The expansion within the prices of Tron was largely powered by increasing using the Stablecoin, with the month-to-month revenue growing from $ 38.36 million in January 2023 to $ 342.54 million in December 2024.

The subsequent UP was Solana, whose annual reimbursement yields shot up by 2,838percentand jumped from $ 255 million in 2023 to $ 750.65 million in 2024. It was the preferred blockchain -ecosystem of the yr, with transaction volumes that go to the purpose of Networkstie in April 2024.

Alternatively, Bitcoin’s revenue grew by nearly 16%, whereas the BNB chain noticed a rise of 8.7%, each confirmed extra reasonable will increase. The expansion of Bitcoin is supported by better exercise of ordinal NFTs, BRC-20 and Rune tokens, along with the growing curiosity in growth on the Bitcoin blockchain.