Ethereum was all block chains in reimbursement revenues for 2024 and generated $ 2.48 billion during the year. However, these strong performance in the reimbursements were in contrast with the price of ETH, which find out the expectations in the same period.
All in all, Layer 1 and 2 Blockchains together earned almost $ 6.9 billion in transaction costs last year.
Ethereum maintains the dominance of the reimbursements despite the Dencun upgrade
According to the last Coingecko report, Ethereum’s income figure witnessed an increase of 3% compared to the $ 2.41 billion earned in 2023.
Despite the Dencun -Upgrade in March 2024, which Layer 2 transaction costs and a continuous shift of users from the main layer 1 chain to layer 2 scale solutions reduced, Ethereum maintained its dominance in the income of the reimbursements.
Coetecko discovered that the Ethereum fees fluctuated month after month. In 2023 it generated between $ 91.22 million and $ 448.70 million a month, with a higher income during the MEME Munt of May and the Marktstroom at the end of the year. In 2024 this reach expanded considerably, with the monthly income decreased between $ 62.82 million and $ 606.77 million.
The income from Ethereum reached $ 1.17 billion in the first quarter of 2024 and formed almost half of the annual total. This was the best performing quarter of the blockchain in two years, due to an increase in activity in chains caused by AirDrop initiatives.
Bitcoin and BNB Necklace are left behind
Tron became the second highest earning blockchain and earned $ 2.15 billion in reimbursements in 2024, an increase of 116.7% compared to $ 922.08 million the previous year. The growth in the costs of Tron was largely powered by expanding the use of the Stablecoin, with the monthly income increasing from $ 38.36 million in January 2023 to $ 342.54 million in December 2024.
The next UP was Solana, whose annual reimbursement yields shot up by 2,838%and jumped from $ 255 million in 2023 to $ 750.65 million in 2024. It was the most popular blockchain -ecosystem of the year, with transaction volumes that go to the point of Networkstie in April 2024.
On the other hand, Bitcoin’s income grew by almost 16%, while the BNB chain saw an increase of 8.7%, both showed more moderate increases. The growth of Bitcoin is supported by greater activity of ordinal NFTs, BRC-20 and Rune tokens, in addition to the increasing interest in development on the Bitcoin blockchain.