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, marking a significant 100% increase. This revelation was made public on July 3rd, courtesy of the latest insights from the analytics entity Lookonchain.
The survey indicates that Ethereum took the lead, amassing a remarkable **$2.73 billion** in fees. Following closely was Bitcoin, with a contribution of **$1.3 billion**. Not far behind, the **Tron Network** made its mark with nearly **$460 million** in fees.
Lookonchain shared illuminating data, showcasing the top ten blockchain networks by their annual fee revenue. “Ethereum’s annual fee revenue stands at **$2.728 billion**, Bitcoin’s at **$1.302 billion**, and Tron Network’s at **$459.39 million**,” the report highlighted.
Here’s a snapshot of the top ten chains by their one-year fee revenue:
– **Ethereum**: $2.728B
– **Bitcoin**: $1.302B
– **TronNetwork**: $459.39M
Tweeted by Lookonchain (@lookonchain) on July 3, 2024, the report also touched upon the current market status of Ethereum. At the moment of reporting, the price of Ethereum was listed at **$3,288.62**, experiencing a 4.7% decrease over the last day. Over the preceding week, Ethereum’s value dipped by 2.3%.
The trading volume for Ethereum (ETH) hit **$12.077 billion** in the past 24 hours, indicating a 23% surge from the day prior, signaling a resurgence in market dynamics.
Further reading includes:
– “Ethereum and AI Tokens: Top Picks for Q2024”
– “Will Ethereum Soar to New Heights in 2024? Analyst Foresees a Potential Price Surge”
Could Ethereum’s (ETH) valuation reach an all-time zenith in 2024? A recent forecast by a crypto analyst anticipates a potential upswing for this leading alternative coin. Amid the current market movements, a promising pattern has emerged on Ethereum’s chart. World of Charts, a renowned crypto analyst, shared insights on this optimistic trend, suggesting that Ethereum might climb to unprecedented levels.
“Anticipating a significant bullish surge towards a new annual high, should Ethereum break through the current resistance, which appears to be weakening with each test,” 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 construed as financial, investment, or other forms of advice. Engaging in cryptocurrency investment or trading poses a risk of financial loss.
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– “SEC Approves Spot Bitcoin-Ethereum ETF: A Closer Look”
– “Analysts Anticipate a Bullish Phase for Bitcoin and Ethereum: Expectations of a Strong Recovery”
