Ethereum, Tron, and Solana Drive $6.9 Billion in Blockchain Fees in 2024

The 12 months 2024 was pivotal for digital property, reaching quite a few historic milestones. The most recent information exhibits that blockchains collectively generated $6.9 billion in charges in 2024.

Ethereum led the cost, adopted by Tron and Bitcoin, which secured their place within the high three. As well as, Solana skilled a big enhance in reimbursements.

Ethereum to Dominate Blockchain Payment Income in 2024

Based on CoinGecko’s report, Ethereum generated $2.48 billion in gasoline charges, marking an annual enhance of three.0%.

“This implies that Ethereum continues to steer in price income, regardless of the Dencun improve in March 2024 that lowered L2 transaction charges, and continued person migration from the L1 chain to its L2 scaling options,” the report mentioned.

High blockchains by income. Supply: CoinGecko

Ethereum price earnings contrasted with disappointing worth efficiency, which fell wanting expectations in 2024.

Whereas many cryptocurrencies reached all-time highs this 12 months, ETH didn’t observe go well with. Moreover, Ethereum ETFs underperformed in comparison with Bitcoin, with inflows solely rising in November.

In the meantime, Tron skilled a outstanding development spurt, raking in $2.15 billion in charges, up 116.7% from $922 million in 2023.

The blockchain benefited from the rising use of stablecoins, with month-to-month charges rising from $38 million in January 2023 to a peak of $342 million in December 2024. Tron’s efficiency surpassed Ethereum’s within the final six months of the 12 months, though that continues to be to be seen. whether or not it could actually preserve this lead in 2025.

Bitcoin, alternatively, earned $922 million in charges, reflecting a gentle enhance in exercise together with Ordinal NFTs, BRC-20 tokens and rising curiosity in Bitcoin-based purposes.

Solana’s meteoric rise

Notably, Solana, identified for its quick transactions, posted a rare 2,838.0% enhance in price earnings, reaching $750.65 million in 2024.

“Solana was by far the preferred blockchain ecosystem final 12 months, with transaction quantity rising to the purpose of community congestion in April 2024,” the report mentioned.

The corporate’s dominance in decentralized alternate buying and selling (DEX) additionally elevated within the fourth quarter, with its market share rising above 30%.

The community additionally hit a document peak in charges and income on January 20. A good portion of this development was as a result of rise of the TRUMP and MELANIA cash. This new milestone adopted SOL’s all-time excessive on January 19, 2025.

Whereas layer 1 blockchains dominated nearly all of prices, contributing $6.6 billion, layer 2 blockchains weren’t left behind, including $294.92 million. 4 of the highest 10 highest-grossing blockchains had been tier 2 options – Base, Arbitrum, Linea and Optimism – and surpassed tier 1s like TON in charges.

Base led the L2s with $84.78 million in gasoline charges by way of 2024, benefiting from sturdy adoption and Coinbase integration.