According to a recent Lookonchain report, Ethereum has outpaced Bitcoin in fee revenue by an impressive 100% in the past year.
Specifically, the Ethereum network generated $2.73 billion in fee revenue, taking the top spot in the industry.
The data highlights Etherium’s significant lead, which has doubled Bitcoin‘s fee revenue.
This success is largely due to ETH’s broader suite of applications and services, which results in more fees and transactions.
Bitcoin follows in second place with $1.3 billion in fees. The Tron network rounds out the top three with nearly $460 million.
Solana added $241.3 to the total, Binance Smart Chain registered $176.6 million and Avalanche $68.83 million.
Additionally, zkSync Era earned nearly $60 million, Optimism amassed $40.4 million and Polygon $23.9 million.
A growing number of publicly traded companies are turning to XRP as a potential reserve asset, signaling a shift in how institutions view the utility of digital assets in treasury management.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Coinbase has taken another step toward boosting cross-chain utility by introducing wrapped versions of XRP and Dogecoin on its Layer 2 network, Base.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.