Despite the launch of a slew of blockchain networks offering lower fees and faster transaction times, Ethereum’s dominance continues, and users seem willing to pay higher fees.
As such, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, according to data compiled by Lookonchain. With a whopping $2.728 billion, Ethereum clearly leads the pack in fees, while Bitcoin follows in second place, generating $1.30 billion in fees.
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