Despite the implementation of the Dencun update to reduce transaction costs, Ethereum's earnings from fees grew in 2024, solidifying its position as a top blockchain. Ethereum recorded a 3% year-on-year increase, with total earnings reaching $2.48 billion. The Dencun update aimed to make Ethereum more scalable and accessible but did not decrease revenue as expected. Ethereum's earnings were fueled by increasing on-chain activity and events like airdrop programs. Other blockchains also performed well, with Tron gaining $2.15 billion and Bitcoin gaining $922 million. Solana saw a significant increase of 2,838% in fees. Ethereum faced challenges such as the price of the ETH token remaining below expectations and internal tensions within the Ethereum Foundation. However, Ethereum's ability to attract users and innovate has helped maintain its position as a leader. The future will depend on Ethereum's ability to balance scalability and decentralization in a dynamic market.



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