Ethereum Reigns Supreme: L1 Blockchains and DeFi Protocols Dominate Crypto Fee Generation
Ethereum remains king of the crop when it comes to crypto fee generation with layer-1 blockchains dominating the leading fee-generating protocols.
Ethereum generated the most fees among the top twenty protocols over the past 30 days with around $180 million, according to new data from Token Terminal.
On June 17, the crypto analytics platform reported that Ethereum was way ahead of other blockchains, which were dominated by layer-1 chains and DeFi protocols, with only one layer-2 blockchain in the top 20. The Coinbase blockchain Base generated the least amount of fees for the period at $6 million.
“Given that the activity on Base has outpaced the Ethereum L1, this is a sign that L2 scaling is working,” it stated.
