Key Points
- The top 5 blockchains by most fees generated in the last 90 days: Tron, Ethereum, Bitcoin, Solana, and BNB Chain.
- Higher fee generation points to significant usage of the blockchain.
Fees generated by a network serve as important indicators of activity, adoption, and economic value. High fee generation of blockchains points to significant usage due to a large number of transactions.
Token Terminal reveals the top blockchains by most fees generated in the last 90 days.
Top 5 Blockchains by Most Fees Generated
1. Tron – $434.6M
According to data from Token Terminal, Tron is the blockchain with the most generated fees in the past 90 days: $434.6 million.
Tron is a leader in USDT transactions, dominating the range between $1 and $10,000. Back in July, Tether Treasury minted $1 billion USDT on Tron, anticipating future demand.
According to a recent Messari report, about 53% of all USDT in circulation is on Tron.
In the past three months, Tron recorded over 600 million transactions.
2. Ethereum – $364.5M
Ethereum recorded $364.5 million in total fees in the past 90 days.
Despite being the second blockchain in terms of top fees generated by the network, recently, Ethereum gas fees dropped to a multi-year low.
Ethereum on-chain activity remains high, with Tether Treasury recently minting 1 billion USDT on Ethereum, and whale moves suggesting trust in ETH’s potential recovery.
Ethereum ETFs were also approved this year, driving more transactions on the blockchain.
Ethereum records a daily average of about 1.1 million transactions, according to data from YCharts.
3. Bitcoin – $161.5M
Bitcoin generated $161.5 million in fees during the past 90 days, according to data from Token Terminal.
In the past three months, Bitcoin recorded intense activity on the network, due to important global economic events, geo-political tensions, periods of accumulation, and institutional adoption mirrored by the inflows in Bitcoin ETFs.
The average monthly transactions in the past three months on the Bitcoin blockchain were around 18 million.
4. Solana – $150.8M
Solana generated $150.8 million in fees during the past 90 days, according to official Token Terminal reports.
Over the past few months, the Solana ecosystem recorded a surge in on-chain activity. This increase in activity has been largely driven by decentralized applications (dapps) such as Raydium, Pump.Fun, and Jito.
Also, the meme coin frenzy on Solana generated a large number of transactions.
In the past three months, the average monthly transactions on Solana were 1 billion.
5. BNB Chain – $36.1M
BNB Chain generated $36.1 million in fees during the past 90 days.
On June 20, BNB Chain activated the Haber hard fork that introduced an innovative concept – transactions carrying blob objects.
These temporary segments allow capturing large volumes of data which optimize storage and data processing on the blockchain.
BNB Chain’s average daily transactions are over 3 million.
