The Ethereum blockchain has clinched the top position in terms of one-year revenue, outperforming all other major blockchains. According to figures provided by Lookonchain, Ethereum raked in a one-year revenue of $2.72 billion, surpassing the Bitcoin network by a sizable margin of $1.42 billion. Data reveals that Bitcoin accrued $1.3 billion in revenue over the same period.
Figures from Defi Llama indicate that Ethereum continues to dominate the decentralized finance (defi) landscape with a Total Value Locked (TVL) of $58.4 billion, representing 60.9% of the entire market. The blockchain also registered a 30-day fee income of $131 million according to the data aggregator.
In an interesting development, an expert anticipates that the launch of a Ethereum Exchange-Traded Fund (ETF) could significantly boost demand for Ether. At present, Bitcoin’s TVL stands at $1 billion.
ETH, the network supporting the second-largest cryptocurrency, saw a striking 155% year-over-year surge in fee revenue in Q1 of this year, coinciding with a bullish trend in the cryptocurrency market.
Tron secured the third position with a one-year revenue of $459 million, while Solana and BSC also attained impressive nine-figure fee incomes of $241 million and $176 million, respectively.
Noteworthy is the fact that Tron holds the second-largest position in the defi sector with a TVL of $7.7 billion. BSC and Solana follow closely in the third and fourth spots, boasting TVLs of $4.8 billion and $4.5 billion as per Defi Llama.
Avalanche, zkSync Era, Optimism, and Polygon emerged in the top 10 with one-year revenues of $68 million, $59 million, $40 million, and $23 million respectively. For further details, Bitcoin miner Genesis Digital Assets is reportedly eyeing an IPO in the US as per recent reports.