In an unexpected twist within the digital currency sphere, a novel survey has disclosed that **Ethereum** has surpassed **Bitcoin** in terms of fee revenue for the year 2023, achieving an impressive 100% increase. This revelation was made public on July 3rd, courtesy of a fresh report from the analytics firm Lookonchain.
The report indicates that Ethereum took the lead, amassing a fee income of **$2.73 billion**. Following closely behind was Bitcoin, with a generated revenue of **$1.3 billion**. Not far off in the rankings, the **Tron Network** made its mark with nearly **$460 million** in fees.
Lookonchain’s shared data spotlighted the top ten blockchain networks based on their annual fee revenue. It was noted that Ethereum’s yearly fee earnings amounted to **$2.728 billion**, Bitcoin’s to **$1.302 billion**, and Tron Network’s to **$459.39 million**.
As of the latest update, the trading price of Ethereum stood at **$3,288.62**, experiencing a 4.7% decrease over the last 24 hours. Over the previous week, ETH’s value dipped by 2.3%.
The 24-hour trading volume for Ethereum (ETH) hit **$12.077 billion**, marking a 23% rise from the day before, indicating a surge in market engagement.
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Will Ethereum’s (ETH) value achieve an unprecedented high in 2024? A crypto analyst recently forecasted a potential surge for this leading alternative coin. Amid the current market movements, a positive pattern has emerged on Ethereum’s chart. The esteemed crypto analysis channel World of Charts shared insights on this optimistic trend, suggesting that Ethereum is poised for a significant climb to a new annual high.
“Anticipating a major bullish wave to crest at a new annual summit, should the resistance encountered during repeated testing give way,” the analyst predicted.
**Disclaimer:**
The perspectives and opinions presented by the author or any individuals referenced in this article are solely for informational purposes and should not be interpreted as financial, investment, or other forms of advice. Engaging in cryptocurrency investment or trading comes with the risk of monetary loss.
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