{"id":22021,"date":"2024-07-08T02:07:23","date_gmt":"2024-07-08T06:07:23","guid":{"rendered":"http:\/\/leadingcryptonews.com\/top-10-cryptocurrencies-by-1-year-fee-revenue-analysis\/"},"modified":"2024-07-08T02:07:23","modified_gmt":"2024-07-08T06:07:23","slug":"top-10-cryptocurrencies-by-1-year-fee-revenue-analysis","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/top-10-cryptocurrencies-by-1-year-fee-revenue-analysis\/","title":{"rendered":"Top 10 Cryptocurrencies by 1-Year Fee Revenue (Analysis)"},"content":{"rendered":"
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Despite the launch of a slew of blockchain networks offering lower fees and faster transaction times, Ethereum\u2019s dominance continues, and users seem willing to pay higher fees.<\/p>\n
As such, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, according to data compiled by Lookonchain. With a whopping $2.728 billion, Ethereum clearly leads the pack in fees, while Bitcoin follows in second place, generating $1.30 billion in fees.<\/p>\n
According to the popular on-chain analytics platform, the Tron blockchain secured the third spot with $459.39 million in fees during the same period, indicating its growing popularity. Solana and Binance Smart Chain (BSC) claimed the fourth and fifth spots with $241.29 million and $176.56 million in one-year fee revenue, respectively.<\/p>\n The list features Avalanche on the sixth, zkSync Era on the seventh, and Optimism on the ninth, with $68.83 million, $59.77 million, and $40.4 million, respectively. Polygon claimed the tenth spot with just $23.91 million in fees in the past year.<\/p>\n Meanwhile, Ethereum also leads the smart contract platform space, claiming 62% of the $695 billion market cap, which, interestingly, represents its peak share for 2024.<\/p>\n The latest CoinMarketCap\u2019s analysis revealed that the network has also outperformed in revenue generation, accounting for 70% of all income among Layer 1 blockchains. Furthermore, Ethereum has witnessed its DeFi TVL double since the beginning of this year, thereby solidifying its dominant position in the industry.<\/p>\n \u201cAlthough the DeFi sector has seen an overall reduction in TVLs since the beginning of this year, Ethereum is still the dominating chain in DeFi, with c.84.3% of TVL market share, primarily driven by DEX trading and staking.\u201d<\/p>\n<\/blockquote>\n LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!<\/b><\/p>\n<\/div>\n<\/div><\/div>\n\n
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