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News Explorer — Ethereum Earns the Highest Fee Revenue of $2.7 Billion Per Year, While Its Average Gas Fee Is Currently at Its Lowest Level in Years

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Jul 4, 7:01 am
Unchained Crypto

Ethereum Earns the Highest Fee Revenue of $2.7 Billion Per Year, While Its Average Gas Fee Is Currently at Its Lowest Level in Years

According to blockchain analytics firm Lookonchain, Ethereum leads the pack in fee revenue among the top ten blockchains, earning $2.7 billion per year. Bitcoin and Tron follow behind with yearly fee revenues of $1.3 billion and $459.3 million respectively. Other layer one blockchains like Solana, BSC, and Avalanche also make significant fee revenues. Despite Ethereum's high gas prices in the past, the average gas fee on the network is currently at its lowest level in years, possibly due to the use of layer 2 scaling solutions and the Dencun upgrade.

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