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Ethereum News

Data: In 2022, Ethereum occupies 80% of all block space fees, and BNB Chain occupies the remaining 80%

January 3, 2023
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Encryption researcher Data_Always published an article stating that in 2022, Ethereum will account for 80% of all block space fees, and BNB Chain will account for 80% of the remaining fees, while the largest simple transmission models (Bitcoin, Dogecoin, and Litecoin) will only account for 80% of all block space fees in 2022. Insignificant fee.

In one day when the Otherdeed NFT is minted, the fees generated on Ethereum exceed the annual fees of Bitcoin in 2022. The gas share used by L2 has tripled, but the adoption rate is still not high, but it may improve with the introduction of EIP-4844.

For Ethereum, it is imperative to continue to scale and prioritize usability of the protocol, and while fees will always be the KPI, scaling faster than adoption is the new goal, which will be the key to driving up prices and solidifying Ethereum’s role in the crypto ecosystem The essential.

Despite adopting a subsidized transaction model, Tron still exceeds Bitcoin in terms of block space requirements, and the fee remains relatively stable throughout the year. The most important reason is that Tron captures low-value USDT transfers.

The Bitcoin Lightning Network has yet to see meaningful growth, Lightning Network adoption expectations are too optimistic, and most of the spike in transaction fees can be attributed to the collapse of crypto institutions.

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