Coinspeaker
Ethereum Outperforms Solana by 3x as Highest Earning Blockchain
Despite undergoing the Dencun upgrade, facilitating low-cost transactions, the Ethereum blockchain emerged as the highest-earning network in 2024 and generated nearly 3x of what its Layer-1 competitor Solana managed to earn.
The Ethereum blockchain came at the top spot fee revenue in 2024, collecting $2.48 billion, according to a January 21 report by CoinGecko. Tron secured the second spot with $2.15 billion, while the Bitcoin network came third generating $922 million in fees. Interestingly, despite the heavy meme coin frenzy, Solana stood fourth generating $755 million in fee revenue.
Source: CoinGecko
Ethereum’s 2024 fee earnings marked a 3% increase compared to the $2.41 billion collected in 2023, maintaining its position as the leading blockchain for revenue generation. Speaking on the development, CoinGecko research analyst Lim Yu Qian said:
“This suggests that Ethereum has continued
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