Companys Annual Revenue Soars Achieving Record 27 Billion
The Ethereum blockchain holds the top position in one-year revenue, outpacing all other major blockchains. According to Lookonchain, Ethereum generated a one-year revenue of $2.72 billion, exceeding the Bitcoin network by $1.42 billion. Bitcoin’s revenue for the same period was $1.3 billion.
Defi Llama’s data reveals that Ethereum continues to dominate the decentralized finance (DeFi) sector with a total value locked (TVL) of $58.4 billion, representing 60.9% of the market. Additionally, Ethereum recorded a 30-day fee income of $131 million, according to the data aggregator.
In other news, experts predict that a spot Ethereum ETF could boost demand for Ether. Meanwhile, Bitcoin’s TVL stands at $1 billion.
The Ethereum network, the second-largest cryptocurrency by market cap, experienced a 155% year-over-year increase in fee revenue in Q1 this year, coinciding with a bull run in the crypto market.
Tron ranks third with a one-year revenue of $459 million. Solana and BSC also reported significant fee incomes, with $241 million and $176 million, respectively. Notably, Tron is the second-largest player in the DeFi space with a TVL of $7.7 billion. BSC and Solana hold the third and fourth spots with TVLs of $4.8 billion and $4.5 billion, respectively, as per Defi Llama.
Rounding out the top 10, Avalanche, zkSync Era, Optimism, and Polygon reported one-year revenues of $68 million, $59 million, $40 million, and $23 million, respectively.
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