In response to a latest report by Lookonchain, Ethereum has develop into the main blockchain community when it comes to payment income, producing a staggering $2.72 billion in income final yr.
This determine put Ethereum forward of Bitcoin, which ranked second with $1.30 billion in payment revenue. Tron Community adopted in third place with $459.39 million.
Different notable networks embrace Solana at $241.29 million, BSC at $176.56 million, Avalanche at $68.83 million, zkSync Period at $59.77 million, Optimism at $40.4 million, and Polygon at $23.91 million.
The Ethereum ecosystem is at the moment experiencing a interval of serious development, with Layer-2 exercise reaching all-time highs. Layer-2 options designed to extend Ethereum’s scalability are seeing unprecedented utilization based mostly on on-chain indicators. Ethereum co-founder Vitalik Buterin not too long ago expressed his admiration for the speedy development of Ethereum L2 options comparable to Optimism and Base.
In one other improvement, this yr the Ethereum community reported its lowest common charges since 2016.
*This isn’t funding recommendation.
