Ethereeum, the second largest crypto continue to lead when it comes to generating fees in the blockchain world, signaling its unwavering adoption and growth.
In a report by data firm Terminal Token, Ethereum generated more than double the fees of its nearest competitor over the past six months, raking in a staggering $743 million in cumulative daily fees.
Meanwhile, TRON, Ethereum’s closest rival, generated less than half at $282 million, with bitcoin (BTC) generating just under $80 million during the same period.
Despite Ethereum’s undeniable dominance in fee generation, its prices have remained stagnant over the past 24 hours, hovering around $1,859. It remains in the shadow of bitcoin, which has been consolidating for the past three weeks. With the upcoming Shanghai (Shapella) hard fork on April 12, more turbulence could be on the horizon.