John Steinbeck: Ethereum Outperforms Solana 3x as Leading Blockchain

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The Plough and the Pitfalls: Ethereum Surprises Investors Over Solana

Well, in theory, the Ethereum blockchain ought to be a distant memory after undergoing the Dencun upgrade meant to facilitate low-cost transaction endeavors. But just you wait, turns out Ethereum turned into the highest-earning loose network during the cataclysmic year of 2024. Yes, lads and girls, limping just like an underdog but raking in profits like a colossus.

A vintage tale of the fittest, right ? You bet! Ethereum blockchain swallowed an impressive $2.48 billion in fees. Now, don’t be blinded by the Tron’s glitzy $2.15 billion or Bitcoin’s meek $922 million and keep in mind, this ain’t just some meager trickery. With the layer-1 blockchain scaling up, Solana trailed in 4th place with a record $755 million. Take that, “big boss” Ethereum! Not bad for a backup runner.

Wait for it, chuckle twins, forget the routine, ’cause the shock and awe continues! Ethereum’s 2024 fee earnings showcased a 3% growth compared to 2023’s $2.41 billion – demonstrating a crossword puzzle-level consistency. CoinGecko researcher, Lim Yu Qian, sensei-style comments, “Hi-ya! Ethereum is rocking fee earnings even after Dencun’s March 2024 L2 transaction cost plummet.”

Source: FantasticoCoinEra

Tron heating up, Solana learning the ropes, and Ethereum staying cool?

Tron’s steamrolling across the board? Seems like Tron decided to rope in 116.7% higher fees than the $922.08 million seen in 2023. Phew!
Tsk-tsk! Take note if you’re Bitcoin network; grab your coffee around the corner and observe the 16% growth in annual fees. But darling Solana, let’s just say you’re not far behind, bringing in an ASTONISHING 2,838% infusion from $25 million in 2023 to $750 million in 2024. Could this be the result of that famous meme coin in town?

Ah, Dencun upgrade, this is your moment. The big shot Ethereum blockchain went up, aiming to get transaction fees for layer-2 networks on the cheap. Hold onto your hats folks, as this could nail down the blockchain’s road behind. Analytical members of the crew raised some doubts, specifically for ETH prices.
Sake it to the Gods above! But, the Ethereum Foundation managed a $1.17 billion in fees during Q1 2024 – a whopping nearly half over the previous year’s money chucking spree. The coinGecko rep says, “Yo CAN’T stop Ethereum’s high-rolling Q1 2024. Increased on-chain action pushing this blockchain up.

It’s time for the curtain call, folks. Fitness freak Ethereum continues ruling the roost while playful contenders like Tron learn the ropes on the way up. It’s a plot twist fit for a Brassica, a John Steinbeck story nobody saw coming.

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2025-01-23 13:32