Ethereum Collected $7.3 Billion in Transaction Fees in the Last 12 Months: Most of the Revenue Came from Stablecoin Transfers
The Ethereum network has once again proven to be one of the strongest cash-generating models in the digital asset ecosystem, generating a total of $7.3 billion in transaction fee revenue in the past 12 months. Approximately 60% of this revenue, or $4.3 billion, came solely from stablecoin transfers.
Stablecoin Transactions Have Become the Backbone of Fee Revenue
The use of stablecoins on Ethereum played a leading role in fee generation. Both the daily money transfers of individual users and the preference for fixed-price digital assets in inter-exchange movements led to significant gas consumption on the Ethereum network. These activities constituted a significant portion of the network's total transaction fees.
While users benefit from advantages such as transparency, speed, and security when transferring stablecoins like USDC and USDT on the network, they also create a continuous demand for transaction fees. This highlights how strong the liquidity of stablecoins on Ethereum is.
Staking and DeFi Applications Also Contributed Strongly to Revenue
Stablecoin transactions were followed by staking activities. A transaction fee worth $908.8 million was generated as users locked their ETH to become validators, contributing to network security. This mechanism supported block production and kept the transaction flow on the chain active.
Decentralized lending protocols provided $768.2 million in transaction fees through operations like users depositing collateral into liquidity pools and borrowing. Similarly, decentralized exchange (DEX) transactions generated $750.2 million in gas consumption. Direct asset swaps by users via smart contracts created intense interaction and transaction production on the network.
Conclusion: Fee Dynamics on the Ethereum Network Continue to Remain Strong
The total transaction fee exceeding $7.3 billion shows that Ethereum is not only a technology platform but also provides a sustainable economic model. In particular, stablecoin transfers, staking, and the vitality of DeFi protocols form the cornerstones of economic mobility on the network.
This data reinforces Ethereum's position as the center of digital finance while providing an important financial foundation for future network developments and scaling solutions.
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