Fascinating Lists Top 10 Cryptocurrencies by Annual Fee Revenue Analysis

CoinDesk report:
Despite the launch of a series of blockchain networks that offer lower fees and faster transaction times, Ethereum’s dominance continues, with users seemingly willing to pay higher fees.
According to data compiled by Lookonchain, Ethereum has surpassed Bitcoin in terms of annual fee revenue. Ethereum’s fees amount to $2.728 billion, significantly ahead, while Bitcoin follows closely behind, generating $1.3 billion in fees.
Popular on-chain analytics platform indicates that Tron blockchain ranks third in fee revenue during the same period with $459.39 million, showing its increasing popularity. Solana and Binance Smart Chain (BSC) respectively rank fourth and fifth in annual fee revenue with $241.29 million and $176.56 million.
Source: X, Lookonchain
Avalanche ranks sixth on the list, zkSync Era seventh, and Optimism ninth, with fee revenues of $68.83 million, $59.77 million, and $40.40 million respectively. Polygon only ranks tenth with fee revenue of $23.91 million last year.
Meanwhile, Ethereum also holds a leading position in the smart contract platform field, accounting for 62% of the $695 billion market cap. Interestingly, this represents its peak share in 2024.
The latest analysis from CoinMarketCap shows that the network also performs well in terms of revenue, accounting for 70% of all income on the first-layer blockchains. Additionally, Ethereum’s DeFi TVL has doubled since the beginning of this year, further solidifying its dominant position in the industry.
“Despite an overall decrease in TVL in the DeFi industry since the beginning of this year, Ethereum remains the dominant chain for DeFi, with a market share of approximately 84.3%, primarily driven by DEX trading and staking.”