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- Ethereum led blockchain price earnings in 2024 with $2.48 billion regardless of worth challenges.
- Tron noticed the very best development in charges, rising 116.7% to $2.15 billion in 2024.
- Layer 2 blockchains like Arbitrum and Optimism are rising, surpassing some Layer 1 networks.
Blockchain networks generated large income via transaction charges in 2024, with Ethereum taking the lead, adopted by Tron and Bitcoin.
The entire transaction price earnings throughout Layer 1 and Layer 2 blockchains reached greater than $6.89 billion, with Ethereum main the pack with a margin. Ethereum remained the highest blockchain by charges earned in 2024, bringing in $2.48 billion from fuel charges.
The community noticed fluctuations in price earnings month-to-month, starting from $62.82 million to $606.77 million. These peaks and declines in earnings have been pushed by intervals of excessive community exercise, together with the memecoin craze in Could 2023 and a year-end market rally.
On common, Ethereum earned transaction charges of $6.79 million per day final yr. Regardless of a difficult worth efficiency for ETH, Ethereum’s price earnings continued to rise.
Tron noticed probably the most development among the many prime blockchains, with a 116.7% improve in price earnings. Tron’s charges soared from $922.08 million in 2023 to $2.15 billion in 2024.
Tron benefited from the elevated utilization of digital belongings, leading to ongoing price development. The month-to-month earnings for Tron various from $38.36 million to $342.54 million. This development sample allowed Tron to outpace Ethereum concerning price earnings over the last six months of 2024.
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Bitcoin and Solana: Rising however Uneven
Bitcoin earned $922.89 million in transaction charges in 2024, a rise of 15.9% from the earlier yr. The rise in Bitcoin’s price earnings may be linked to the rising exercise of Ordinal NFTs, BRC-20 tokens, and elevated community use.
Solana recorded a rise in price earnings, up by 2,838.0% from 2023 to 2024. Solana’s charges surged from $25.55 million to $750.65 million, pushed by an increase in community quantity that induced congestion in April 2024.
Regardless of these giant fluctuations, Solana’s month-to-month price earnings remained unstable, with its highest level reaching $197.50 million in November 2024 earlier than slowing right down to $120.95 million by December.
Associated: ETH Fuel Charge Soars to 222 Gwei as Binance Consolidates ETH Wallets
Layer 2 Blockchains: A Rising Power
Layer 2 blockchains, similar to Base, Arbitrum, Linea, and Optimism, collectively earned $294.92 million in charges throughout 12 networks in 2024. Concerning price earnings, these L2 options outpaced different Layer 1s, together with TON.
TON, the tenth-highest-earning blockchain, earned $35.28 million in charges, reflecting its rising position in blockchain-based functions, particularly after integrating TON with the favored messaging platform Telegram.
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