In accordance with a current report by Lookonchain, Ethereum has change into the main blockchain community by way of payment income, producing a staggering $2.72 billion in income final 12 months.
This determine put Ethereum forward of Bitcoin, which ranked second with $1.30 billion in payment earnings. Tron Community adopted in third place with $459.39 million.
Different notable networks embody Solana at $241.29 million, BSC at $176.56 million, Avalanche at $68.83 million, zkSync Period at $59.77 million, Optimism at $40.4 million, and Polygon at $23.91 million.
The Ethereum ecosystem is at present experiencing a interval of serious development, with Layer-2 exercise reaching all-time highs. Layer-2 options designed to extend Ethereum’s scalability are seeing unprecedented utilization primarily based on on-chain indicators. Ethereum co-founder Vitalik Buterin lately expressed his admiration for the speedy development of Ethereum L2 options similar to Optimism and Base.
In one other growth, this 12 months the Ethereum community reported its lowest common charges since 2016.
*This isn’t funding recommendation.