• Ethereum led blockchain price income in 2024 with $2.48 billion regardless of worth challenges.
• TRON had the most important enhance in charges, rising 116.7% to $2.15 billion in 2024.
• Layer 2 blockchains equivalent to Arbitrum and Optimism are rising and outperforming some layer 1 networks.

Blockchain networks will generate enormous revenues by way of transaction charges in 2024, with Ethereum main the best way, adopted by Tron and Bitcoin.

Complete transaction price income throughout layer 1 and layer 2 blockchains totaled greater than $6.89 billion, with Ethereum comfortably main the pack. Ethereum remained the highest blockchain by charges earned in 2024, bringing in $2.48 billion from gasoline charges.

The community’s price earnings ranged from $62.82 million to $606.77 million on a month-to-month foundation. These income peaks and declines have been attributable to durations of excessive community exercise, such because the Could 2023 meme coin craze and year-end market rally.

Final yr, Ethereum earned a median of $6.79 million in transaction charges per day. Regardless of ETH’s poor worth efficiency, Ethereum’s price earnings continued to extend.

Tron has seen essentially the most development among the many high blockchains, with price earnings rising by 116.7%. Tron’s charges jumped from $922.08 million in 2023 to $2.15 billion in 2024.

Tron benefited from the elevated utilization of digital property, leading to continued will increase in charges. Tron’s month-to-month wage ranged from $38.36 million to $342.54 million. This development sample allowed Tron to outperform Ethereum when it comes to price earnings over the last six months of 2024.

Associated: Memecoin hype fades, Solana each day buying and selling charges hit multi-month lows

Bitcoin and Solana: Development however inconsistently

Bitcoin earned $922.89 million in transaction charges in 2024, a rise of 15.9% year-on-year. The rise in Bitcoin price earnings could also be associated to the growth of Ordinal NFT, BRC-20 token exercise, and elevated community utilization.

Solana recorded a rise in price earnings of two,838.0% from 2023 to 2024. As a result of elevated community quantity that brought on congestion in April 2024, Solana’s charges jumped from $25.55 million to $750.65 million.

Regardless of these massive fluctuations, Solana’s month-to-month price earnings remained risky, peaking at $197.5 million in November 2024, earlier than slowing to $120.95 million in December. .

Associated: ETH gasoline charges soar to 222 Gwei as Binance integrates ETH pockets

Layer 2 Blockchain: A Rising Power

Layer 2 blockchains equivalent to Base, Arbitrum, Linea, and Optimism earned a complete of $294.92 million in charges throughout 12 networks in 2024. When it comes to price income, these L2 options outperformed different Layer 1s, together with TON.

TON, the tenth most worthwhile blockchain, earned $35.28 million in charges, reflecting its rising position in blockchain-based purposes, particularly after integrating TON with well-liked messaging platform Telegram I did.