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The ethereum blockchain ranks first in terms of revenue in a year, surpassing all major blockchains.
According to data provided by Lookonchain, ethereum generated an annual revenue of $2.72 billion, outperforming the bitcoin network by a margin of $1.42 billion. The data shows that bitcoin accumulated $1.3 billion in revenue in the same period.
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Defi Llama Data sample ethereum continues to lead the decentralized finance (defi) rankings with a total value locked (TVL) of $58.4 billion, representing 60.9% of the entire market. The blockchain recorded $131 million in fee revenue in 30 days, according to the data aggregator.
bitcoin's TVL currently stands at $1 billion.
The network for the second largest cryptocurrency, eth, ethereum-networks-q1-earnings-results?utm_source=coinspaidmedia&utm_medium=referral&utm_campaign=ethereum-profits-could-exceed-1b-2024″ target=”_blank” rel=””>witnessed a 155% year-on-year increase in its fee revenue in the first quarter of this year as the cryptocurrency market saw an upward trend.
Tron came in third with an annual revenue of $459 million. Solana and BSC also recorded nine-figure fee revenues of $241 million and $176 million, respectively.
Notably, Tron is the second-largest chain in the DeFi scene with a TVL of $7.7 billion. BSC and Solana take third and fourth place with TVL of $4.8 billion and $4.5 billion, according to Defi Llama.
Avalanche, zkSync Era, Optimism, and Polygon made the top 10 with $68 million, $59 million, $40 million, and $23 million in year-over-year revenue, respectively.
