Data shows that blockchain networks will collect nearly $7 billion in fees in 2024

Ethereum’s dominance in fee revenue remains unchallenged in 2024, totaling nearly $2.5 billion, more than double what Tron achieved.

As blockchain activity surged last year, fees rose to an all-time high, reaching $6.89 billion, according to CoinGecko. a report. Ethereum (Ethereum) stayed ahead, taking in a massive $2.48 billion gas royalty.

you see (TRX) wasn’t far behind, taking in $2.15 billion in fees, a huge jump from 2023. CoinGecko analysts point to TRON’s strong grip on the stablecoin market as the main driver, with monthly profits rising steadily throughout the year. On average, Ethereum generated $6.79 million per day, while Tron followed with $5.89 million.

CoinGecko says the study examined blockchain fees from January 1, 2023, to December 31, 2024, based on TokenTerminal and Artemis data, excluding blockchains that do not have sufficient publicly available fee data.

Solana (Sol), which is famous for its meme coins, has also seen a huge rise in fee profits. The network’s profits jumped by a staggering 2,838% to reach $750.65 million. Meanwhile, Bitcoin (Bitcoin), with fees growing by 15.9%, generating a total of $922.89 million. CoinGecko says the rise was driven by “increased activity from Ordinal NFTs, BRC-20, and Rune tokens, as well as rapidly growing interest in building on Bitcoin.”

in Layer-2 Space, Coinbase Network Base led these fees, earning $84.78 million in fees in 2024, representing a 548.2% increase from the previous year. While Ethereum still dominates fee earnings, other second tiers like Arbitrum, Linea, and Optimism are leaving their mark with $44.10 million, $39.20 million, and $37.97 million, respectively.

CoinGecko says that fluctuations in Layer 2 fee earnings “currently appear to primarily reflect on-chain activity driven by airdrop programs and incentive marketing,” adding that “it remains to be seen how much fees Layer 2 chains can earn in the network.” “In the long term.”