Ethereum is still the best when it comes to blockchain technology. It makes the most Funds every year from digital banking (DeFi). According to Lookonchain, Ethereum sold an amazing $2.72 billion worth of goods and services last year, much more than the $1.42 billion the network makes. At the same time, the network made $1.3 billion.
Defi Llama data shows that Ethereum is the leader in the DeFi space. 60.9% of the 58.4 billion Ethereum on the market have been sold off. Ethereum is even more of a winner, whose fees brought in $131 million over thirty days.
Ethereum’s Fee Revenue Soars Tron And Other Blockchains Grow
Bitcoin is worth $1 billion, even though it doesn’t make any money. The network for Ethereum’s native coin, ETH, made 155% more in fees in the first quarter of this year than in the previous one. This was due to a strong Bitcoin market.
Tron grew into a strong rival with $459 million in just one year. People were paid $241 million for Solana and $176 million for Binance Smart Chain. It has a TVL of $7.7 billion, which makes it the second most valuable game in the DeFi scene, after that come TVLs of $4.8 billion for BSC and $4.5 billion for Solana.
Other blockchain systems have also done well recently. Avalanche ($68 million), zkSync Era ($59 million), Optimism ($40 million), and Polygon ($23 million) all made more than $10 million in sales in a single year. These numbers show how different and competitive the market is as more old and new platforms want to join the blockchain.
The data show how much blockchain and DeFi company action there is. Ethereum is unique because it is widely used and has a strong foundation. As the market for blockchain systems grows, competition will likely make them safer, easier to use, and bigger. From now on, this is what spread banking will mean.
