A recent survey in the cryptocurrency industry has brought a surprising revelation: Ethereum has surpassed Bitcoin in fee income in 2023 by an astounding 100%. According to data released on July 3 by the analysis platform Lookonchain, Ethereum led the survey by recording $2.73 billion in fee income, while Bitcoin generated $1.3 billion. Tron Network came in third, registering almost $460 million.
The platform shared data revealing the top 10 chains by one-year fee revenue, with Ethereum earning $2.728 billion per year, Bitcoin earning $1.302 billion per year, and Tron Network earning $459.39 million per year.
The price of Ethereum was quoted at $3,288.62 at the time of publication, showing a 4.7% decrease in the last 24 hours and a 2.3% decrease over the past seven days. Ethereum trading volume in the last 24 hours was $12,077,562,564, indicating a 23% increase compared to the previous day, signaling a recent uptick in market activity.
In other news, a prediction has been made that the price of the cryptocurrency Ethereum will reach a new all-time high in 2024. Recent price action has revealed a bullish pattern on the Ethereum cryptocurrency chart, with a popular cryptocurrency analyst suggesting that the largest altcoin will reach a new peak.
As always, it’s important to note that the views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
For more information, read also about the SEC’s approval of a spot Bitcoin-Ethereum ETF and analysts’ positive predictions for Bitcoin and Ethereum’s recovery.