Ethereum, Tron, and Bitcoin Drive $6.89 Billion Blockchain Revenue Boom in 2024
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.
READ MORE:
Peter Schiff Labels Bitcoin a Meme Coin, Drawing Crypto Community BacklashBitcoin’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.
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.
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.
You may also like
SEC Takes Key Step Toward Litecoin ETF Approval
Is XRP Poised for a Breakout to $5 and Beyond?
Trump’s Commerce Pick Wants Tether Audited – Will This Shake Up Crypto?
Ethereum holds the line between ‘in it for the tech’ and ‘for the money’
Building onchain public goods is noble but they don’t always make the number go up