According to a report by experts from the Lookonchain analytical platform, Ethereum has surpassed Bitcoin in terms of fee income for the first half of 2024. The Ethereum blockchain’s profit amounted to $2.72 billion, while the Bitcoin network’s profit amounted to $1.3 billion.

The Tron network is ranked third in terms of fee income for the first half of 2024, with $459.39. According to analysts, the increase in Ethereum’s profit is due to the expansion of the infrastructure and scaling of the network.

Lookonchain experts predict that the Ethereum network will show profit growth in the second half of 2024 as well, as it offers new blockchain projects the opportunity to quickly enter the global market at low cost.

Ethereum’s fee revenue in Q1 2024 exceeded $1.17 billion, up 155% from Q1 2023, and in May, the average fee on the Ethereum network reached 6.1 Gwei, the lowest since October 2023.

Earlier, experts from the Pantera Capital fund presented a report in which they announced the upcoming growth of Solana’s capitalization due to Ethereum and other first-level networks.