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Ethereum, Tron, and Bitcoin Drive $6.89 Billion Blockchain Revenue Boom in 2024

Ethereum, Tron, and Bitcoin Drive $6.89 Billion Blockchain Revenue Boom in 2024

Cryptodnes2025/01/23 00:11
By:Cryptodnes

In 2024, blockchain networks saw substantial growth in transaction fee revenues, with Ethereum leading the charge, followed by Tron and Bitcoin.

Total earnings across Layer 1 and Layer 2 networks surpassed $6.89 billion, showcasing increased blockchain adoption and activity.

Ethereum generated $2.48 billion in fees, remaining the top network despite fluctuations driven by events like the memecoin craze and a year-end rally. On average, Ethereum earned $6.79 million daily, solidifying its dominance even amid price challenges.

Tron , however, experienced the most rapid growth, with a 116.7% increase in fee revenue, reaching $2.15 billion. By the year’s second half, Tron even outpaced Ethereum’s monthly earnings, fueled by rising demand for digital assets.

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Bitcoin’s fee income rose 15.9% to $922.89 million, thanks to the growing popularity of Ordinal NFTs and BRC-20 tokens. Meanwhile, Solana saw a staggering 2,838% jump, earning $750.65 million as network congestion and increased activity pushed fees higher.

Layer 2 networks also gained traction, collectively earning $294.92 million. Solutions like Arbitrum , Optimism , and Base outperformed smaller Layer 1 chains, while the TON network brought in $35.28 million, boosted by its integration with Telegram.

Ethereum, Tron, and Bitcoin Drive $6.89 Billion Blockchain Revenue Boom in 2024 image 0

This surge in fee revenue reflects blockchain’s expanding role in finance and beyond, with Ethereum leading but facing growing competition from other networks and emerging Layer 2 solutions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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