In a surprising twist in the world of cryptocurrency, a recent survey has shown that in 2023, Ethereum surpassed Bitcoin in fee income by an astonishing 100%. The data was published on July 3 in the latest report by the analysis platform Lookonchain.
According to the survey, Ethereum took the lead by raking in $2.73 billion in fee income, followed by Bitcoin which generated $1.3 billion. Tron Network was in third place, registering nearly $460 million.
Data from the platform disclosed the top 10 chains by one-year fee revenue. “Ethereum brings in $2.728 billion annually, Bitcoin earns $1.302 billion annually, and Tron Network earns $459.39 million annually,” it stated.
The top 10 chains by one-year fee revenue are as follows:
#Ethereum earns $2.728B per year,
#Bitcoin earns $1.302B per year, and
#TronNetwork earns $459.39M per year. pic.twitter.com/ixAiP9g8JA — Lookonchain (@lookonchain) July 3, 2024
At the time of writing, the price of Ethereum was quoted at $3,288.62, representing a 4.7% decrease in the last 24 hours. Over the past seven days, ETH has declined by 2.3%.
The trading volume of Ethereum (ETH) in the last 24 hours is $12,077,562,564, marking a 23.00% increase compared to the previous day, indicating recent growth in market activity.
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Will Ethereum hit a new high in 2024? An analyst suggests a new spike in ETH’s price. In light of recent price movements, a bullish pattern is emerging on the Ethereum cryptocurrency chart. World of Charts, a renowned cryptocurrency analyst, shared an analysis highlighting a bullish pattern for ETH, predicting that the largest altcoin will reach a new peak.
“Testing another timing resistance getting weaker with further testing still expecting a huge bullish wave towards the new yearly peak in case of a successful breakout,” the expert wrote.
Disclaimer: The views and opinions expressed by the author or anyone mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading in cryptocurrencies carries a risk of financial loss.
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