Ethereum’s dominance in charge earnings remained unchallenged in 2024, with a complete of virtually $2.5 billion, greater than double that of TRON.
As blockchain exercise exploded final yr, charges went by way of the roof, hitting $6.89 billion, in response to a CoinGecko report. Ethereum (ETH) stayed means forward of the pack, pulling in an enormous $2.48 billion in gasoline charges.
TRON (TRX) wasn’t far behind, pulling in $2.15 billion in charges, an enormous leap from 2023. CoinGecko analysts level to TRON’s robust grip on the stablecoin market as the primary driver, with month-to-month earnings steadily climbing all year long. On common, Ethereum made $6.79 million each day, whereas TRON adopted with $5.89 million.
CoinGecko says the examine examined blockchain charges from Jan. 1, 2023 to Dec. 31, 2024, primarily based on TokenTerminal and Artemis knowledge, excluding blockchains with inadequate publicly out there charge knowledge.
Blockchain networks ranked by charge earnings | Supply: CoinGecko
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Solana (SOL), standard for meme cash, additionally noticed an enormous surge in charge earnings. The community’s earnings jumped by a jaw-dropping 2,838% to achieve $750.65 million. In the meantime, Bitcoin (BTC), with its 15.9% progress in charges, earned $922.89 million in whole. CoinGecko says the surge was pushed by “elevated exercise from Ordinal NFTs, BRC-20 and Rune tokens, in addition to quickly rising curiosity to construct on Bitcoin.”
Within the layer-2 area, Coinbase’s community Base led the cost, incomes $84.78 million in charges in 2024, marking a 548.2% improve from the earlier yr. Whereas Ethereum nonetheless dominates charge earnings, different layer-2s like Arbitrum, Linea, and Optimism are making their mark with $44.10 million, $39.20 million, and $37.97 million, respectively.
CoinGecko says that fluctuations in layer-2 charge earnings “for now appear to primarily mirror on-chain exercise pushed by token airdrop and incentive advertising and marketing applications,” including that “it stays to be seen how a lot charges layer-2 chains can earn in the long run.”
Learn extra: How layer 1 blockchains are main the 2024 bull run – and who’s successful
