- Talking about an average, Ethereum made around $6.79 million on a daily basis. At the same time, TRON made around $5.89 million.
- Base, the network of Coinbase took the charge in the layer-2 space, making around $84.78 million in fees last year, witnessing a 548.2% boost from 2023.
- CoinGecko also reveals that vulnerability in layer 2 fee earnings, for now, appears to primarily reflect on-chain activity driven by token airdrop.
In 2024, blockchain activity was at its peak, and fees went through the roof, striking $6.89 billion, as per the report of CoinGecko. Ethereum was way ahead of the pack, taking a massive $2.48 billion in gas fees.
TRON was not significantly behind, driving around $2.15 billion in fees, a huge jump from 2023. An analyst from CoinGecko aimed at the strong grip of TRON on the stablecoin market as a key driver, having monthly earnings gradually going up throughout the year.
Talking about an average, Ethereum made around $6.79 million on a daily basis. At the same time, TRON made around $5.89 million. CoinGecko has further revealed that the study inspected blockchain fees from January 1, 2023, to December 31, 2024, based on TokenTerminal and Artemis data, discarding blockchain having inadequate publicly available fee data.
Solana’s significant surge
Another popular blockchain network, Solana also witnessed a significant surge in fee earnings. The earnings of the network surged by an astonishing 2,838% to attain $750.65 million.
At the same time, Bitcoin with its 15.9% growth in fees, earned $922.89 million overall. The rise in Bitcoin-based assets aided in driving the network’s fee earnings, showing a wider use beyond transactions. The fee growth of Bitcoin suggests that the network is gradually becoming more than just a store of value, having new layers of utility emerging.
CoinGecko further states that the surge was mainly influenced by hyped activity from Ordinal NFTs, BRC-20, and Rune tokens along with quickly growing activity to be made on Bitcoin. Base, the network of Coinbase took the charge in the layer-2 space, making around $84.78 million in fees last year, witnessing a 548.2% boost from 2023.
Ethereum at the leading position
However, Ethereum is still in the leading position in terms of fee earnings, other layer-2s such as Arbitrium, Linea, and Optimism are benefiting with $44.10 million, $39.20 million, and $37.97 million, individually.
CoinGecko also reveals that vulnerability in layer 2 fee earnings, for now, appears to primarily reflect on-chain activity driven by token airdrop and encourage marketing programs, and further added that it remains to be witnessed how much fees layer-2 chains can gain profit in the long term.
