Ethereum Has Generated Twice as Much Tax Revenue as Bitcoin

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.