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Ethereum Has Generated Twice as Much Tax Revenue as Bitcoin

04.07.2024 8:30 1 min. read Alexander Stefanov
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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.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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