Revenue reaches recordbreaking 27b in first year

The Ethereum blockchain has claimed the top position in terms of one-year revenue, surpassing all major blockchains. According to Lookonchain data, Ethereum generated $2.72 billion in revenue over the past year, surpassing the Bitcoin network’s $1.3 billion by a margin of $1.42 billion. Ethereum also continues to lead the decentralized finance (defi) market, with a total value locked (TVL) of $58.4 billion, accounting for 60.9% of the market. In the past 30 days, Ethereum recorded a fee income of $131 million. Bitcoin’s TVL currently stands at $1 billion. Ethereum witnessed a significant 155% year-over-year increase in fee revenue in Q1 of this year, coinciding with the bull run in the crypto market. Tron secured the third position with a one-year revenue of $459 million, followed by Solana with $241 million and BSC with $176 million. Tron also holds the second-largest position in the defi market with a TVL of $7.7 billion, while BSC and Solana rank third and fourth with TVLs of $4.8 billion and $4.5 billion, respectively. Other blockchains in the top 10 include Avalanche, zkSync Era, Optimism, and Polygon, with one-year revenues of $68 million, $59 million, $40 million, and $23 million, respectively. Bitcoin miner Genesis Digital Assets is reportedly considering an IPO in the US.