U.At the moment – has surpassed in payment revenue over the previous yr by an epic 100%, in keeping with the latest report from Lookonchain. Thus, its community has recorded $2.73 billion in payment revenue, probably the most within the trade. Bitcoin, in second place, generated $1.3 billion. Closing the highest three is Tron Community, with nearly $460 million.
Different networks additionally contributed to the general payment revenue panorama. generated $241.3 million, Binance’s chain accrued $176.6 million and recorded $68.83 million. Moreover, the zkSync Period earned almost $60 million, Optimism $40.4 million and Polygon $23.9 million.
As the info highlights, Ethereum has a major lead, doubling Bitcoin’s income. This result’s attributed to a broader vary of functions and companies on the community of the principle altocin, with increased utilization and transaction charges because of this.
Positive win?
Ethereum’s ecosystem helps decentralized finance platforms, NFTs and varied functions, all of which contribute to elevated transaction quantity and payment revenue. That is what has positioned ETH as a extra versatile and broadly used community in comparison with Bitcoin.
In return, Bitcoin’s income, whereas nonetheless over a billion {dollars}, is primarily pushed by its function as a digital retailer of worth and medium of trade. Its transaction charges are affected by community congestion and the worth of BTC itself, which may fluctuate considerably.
Nevertheless, it nonetheless lacks the intensive vary of functions discovered within the Ethereum ecosystem, leading to decrease general payment revenue.
This text was initially revealed on U.At the moment
