Ethereum Has Generated Twice as Much Tax Revenue as Bitcoin

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Cryptodnes2024/07/04 11:37

By:Cryptodnes

According to a recent Lookonchain report, Ethereum has outpaced Bitcoin in fee revenue by an impressive 100% in the past year.

Specifically, the Ethereum network generated $2.73 billion in fee revenue, taking the top spot in the industry.

The data highlights Etherium’s significant lead, which has doubled Bitcoin ‘s fee revenue.

This success is largely due to ETH’s broader suite of applications and services, which results in more fees and transactions.

Bitcoin follows in second place with $1.3 billion in fees. The Tron network rounds out the top three with nearly $460 million.

Solana added $241.3 to the total, Binance Smart Chain registered $176.6 million and Avalanche $68.83 million.

Additionally, zkSync Era earned nearly $60 million, Optimism amassed $40.4 million and Polygon $23.9 million.

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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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The Fusaka hard fork is a major Ethereum upgrade planned for 2025, focusing on scalability, security, and execution efficiency. It introduces nine core EIPs, including PeerDAS, to improve data availability and network performance. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit•2025/12/01 00:57