According to information released by cryptocurrency analytics firm Lookonchain, altcoin networks that generate the most revenue from fees have been shared.
According to a recent report by Lookonchain, Ethereum has become the leading blockchain network in terms of fee revenue, generating an incredible revenue of $2.72 billion last year.
Bitcoin ranks second with $1.30 billion fee income Tron Network ranked third with $459.39 million.
Other notable networks include Solana with $241.29 million, BSC with $176.56 million, Avalanche with $68.83 million, zkSync Era with $59.77 million, Optimism with $40.4 million and Polygon with $23.91 million.
The Ethereum ecosystem is currently experiencing significant growth, with Layer-2 activity reaching an all-time high. Layer-2 solutions designed to increase Ethereum’s scalability are seeing unprecedented usage based on on-chain metrics.
Co-founder of Ethereum Vitalik Buterin recently expressed his admiration for the rapid development of Ethereum L2 solutions such as Optimism and Base.
In another development, this year the Ethereum network reported its lowest average fees since 2016.
Mysterious Whale Buys 14 Altcoins Worth a Total of $120 Million from Binance
