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Ethereum’s 1-year revenue tops the charts, reaching $2.7b

ethereums-1-year-revenue-tops-the-charts-reaching-2-7b
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Ethereum’s 1-year revenue tops the charts, reaching $2.7b

The Ethereum blockchain is sitting at the top spot by one-year revenue, surpassing all major blockchains.

According to data provided by Lookonchain, Ethereum generated a one-year revenue of $2.72 billion, surpassing the Bitcoin network by a $1.42 billion margin. Data shows that Bitcoin accumulated $1.3 billion in revenue in the same timeframe.

Data from Defi Llama shows that Ethereum is still leading the decentralized finance (defi) chart with a total value locked (TVL) of $58.4 billion — accounting for 60.9% of the whole market. The blockchain recorded a 30-day fee income of $131 million, per the data aggregator.

Bitcoin’s TVL is currently sitting at $1 billion. 

The network for the second-largest cryptocurrency, ETH, witnessed a 155% year-over-year increase in its fee revenue in Q1 this year as the crypto market recorded a bull run. 

Tron came in third with a one-year revenue of $459 million. Solana and BSC also recorded nine-figure fee incomes of $241 million and $176 million, respectively. 

Notably, Tron is the second-largest chain in the defi scene with a TVL of $7.7 billion. BSC and Solana secure the third and fourth spots with TVLs of $4.8 billion and $4.5 billion, according to Defi Llama.

Avalanche, zkSync Era, Optimism and Polygon made it to the top 10 with $68 million, $59 million, $40 million and $23 million in one-year revenues, respectively.