OMG! Ethereum is RICH! 🤑 But Wait… There’s a TWIST! 🤯

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Okay, so Ethereum is basically rolling in the dough. They made a whopping $2.48 billion in gas fees last year, more than any other blockchain. 🍾🥂🎉 But hold your horses, ladies, because here’s the rub: ETH‘s price performance was *meh*. 🙄 Like, seriously, it wasn’t the “I’m buying a new Birkin” kind of growth everyone was hoping for. The rich get richer, huh? 😩

All in all, blockchains collectively made almost $6.9 billion in fees – that’s like, a really big Christmas bonus. 🤑 But it makes you wonder, what are they spending it all on? I mean, are they even *trying* to be fashionable? 🤨

CoinGecko, the blockchain gossip queen, reports that Ethereum’s fee revenue increased by 3% from last year. That’s not even enough to cover a decent pair of Manolo Blahniks. 😔 But get this: the Dencun upgrade, which was supposed to be like, a total game changer, barely made a dent. Apparently, people still love to pay those exorbitant gas fees. 🤷‍♀️

Ethereum’s fees have been all over the place – like, a roller coaster ride at a theme park, but without the fun. 🎢 In 2023, they made between $91.22 million and $448.70 million per month – pretty impressive, but then 2024 rolled around and it was like, “hold my martini, this is going to be wild.” 🍸 Their monthly earnings went from $62.82 million to a whopping $606.77 million! 🤯 Talk about a major payday! But again, where’s the price appreciation, guys?

Ethereum’s best quarter was the first one of 2024, with $1.17 billion in fees – nearly half of its annual total. Apparently, people were going crazy for airdrops. Who knew? 🎉 I guess those free coins make everyone feel like a billionaire. 🤑 But just like with any freebie, the excitement fizzled out quickly. 😩

Meanwhile, Bitcoin‘s fee earnings grew by a measly 16%, and BNB Chain saw a paltry 8.7% rise. Seriously, guys, get your act together! 😴 Bitcoin’s little growth spurt can be attributed to the Ordinal NFTs, BRC-20, and Rune tokens. Who even knows what those are? They sound like, like, some kind of magical spell. 🔮 But hey, if it’s making Bitcoin money, more power to them, I guess.

Tron, the underdog, actually made $2.15 billion in fees. 👏 That’s almost as much as Ethereum. But, their growth is all thanks to stablecoins, which are like, the boring, but reliable, cousins of crypto. 💤 Solana had a massive surge in fees, growing by 2,838% from the previous year. 😲 It’s like, “what happened here?” They’re all about speed and efficiency, but they just keep crashing. 💥 And who can blame them? Sometimes, it’s just too much to handle. 😥

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2025-01-27 07:39