Ethereum’s dominance of fee incomes remained unchallenged by 2024. It brought in almost $2.5 Billion, which is more than double the earnings of TRON.
According to CoinGecko, as blockchain activity surged last year, the fees went up, reaching $6.89 Billion. report. EthereumETH() was able to earn a staggering $2,48 billion from gas taxes.
TRONTRX() was not far behind with $2.15billion in fees. This is a massive leap over 2023. Analysts at CoinGecko point out that TRON has a strong hold on the stablecoins market, which is the reason for the steady growth of monthly earnings throughout the entire year. TRON was second, with an average daily earning of $5.89 Million. Ethereum, on the other hand, made around $6.79M.
CoinGecko said the study looked at blockchain fees between Jan. 1, 2020 and Dec. 31, 2024 based on TokenTerminal data. Blockchains without sufficient publicly available data were excluded.
Solana (SOLFee earnings for the popular meme coin () also saw an enormous surge. The earnings of the network increased by 2,838% and reached $750.65 millions. Bitcoin (BTCWith its growth of 15.9% in fees (total $922.89 millions), ) earned a total income of $922.89 Million. CoinGecko reports that this surge is a result of “increased activity from Ordinal NFTs, BRC-20 and Rune tokens, as well as rapidly growing interest to build on Bitcoin.”
It is a good idea to get a hold of a local expert. layer-2 Coinbase Base, the network of Coinbase, led in the 2024 fee earnings, with $84.78 millions, a massive 548.2% jump from last year. Ethereum is still the leader in fee earning, but other layer-2s such as Arbitrum, Linea and Optimism have also made a mark, with earnings of $44.10, $39.20, and 37.97 millions, respectively.
CoinGecko reports that layer-2 fees fluctuate. “for now seem to mainly reflect on-chain activity driven by token airdrop and incentive marketing programs,” Add to that “it remains to be seen how much fees layer-2 chains can earn in the long term.”
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Source: crypto.news
