The Ethereum blockchain has demonstrated remarkable performance in revenue generation, claiming the top position among major blockchains based on one-year revenue metrics. Lookonchain data reveals that Ethereum outshined its closest competitor, Bitcoin, by a significant margin, generating $2.72 billion in revenue compared to Bitcoin's $1.3 billion over the same period.
The top 10 chains based on one-year fee revenue indicate Ethereum as the leader with an annual fee of $2.728 billion, followed by Bitcoin with $1.302 billion and Tron Network with $459.39 million. These statistics highlight Ethereum's dominance in the blockchain landscape in terms of revenue.
Defi Llama's data further cements Ethereum's position in the decentralized finance (defi) sector, showcasing a total value locked (TVL) of $58.4 billion, representing 60.9% of the entire market. Additionally, Ethereum accrued a 30-day fee income of $131 million, reinforcing its leading status in the defi space.
In contrast, Bitcoin's TVL stands at $1 billion, underscoring Ethereum's significant lead in this aspect. Ethereum's network exhibited a remarkable 155% year-over-year increase in fee revenue in Q1 amidst a bullish crypto market scenario.
Tron secured the third rank in terms of one-year revenue with $459 million, while Solana and BSC also recorded substantial fee incomes of $241 million and $176 million, respectively. Tron emerges as the second-largest chain in the defi arena, boasting a TVL of $7.7 billion, followed by BSC and Solana with TVLs of $4.8 billion and $4.5 billion, respectively.
Furthermore, Avalanche, zkSync Era, Optimism, and Polygon showcased their revenue prowess, entering the top 10 list with one-year revenues of $68 million, $59 million, $40 million, and $23 million, respectively.
The data underscores the impressive revenue-generating capabilities of leading blockchains and highlights Ethereum's dominance in both fee income and TVL metrics within the blockchain ecosystem.
