Data: In 2022, Ethereum accounted for 80% of all block space fees, while BNB Chain accounted for the remaining 80%

2023-01-03 12:46:04
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ChainCatcher news, encryption researcher Data_Always published an article stating that in 2022, Ethereum accounted for 80% of all block space fees, while BNB Chain accounted for the remaining 80%, and the largest simple transfer models (Bitcoin, Dogecoin, and Litecoin) accounted for a negligible amount of fees in comparison. On the day of the Otherdeed NFT minting, the fees generated on Ethereum exceeded the total fees of Bitcoin for the entire year of 2022.

The share of Gas used by L2 has doubled, but the adoption rate remains low; however, this may improve with the rollout of EIP-4844. For Ethereum, it is essential to continue scaling and prioritize the usability of the protocol. Although fees will always be a KPI, the new goal is to have scaling outpace adoption, which will be key to driving prices up and solidifying Ethereum's position in the crypto ecosystem.

Despite adopting a subsidized transaction model, Tron still surpassed Bitcoin in block space demand and maintained relatively stable fees throughout the year, primarily due to Tron's capture of low-value USDT transfers. The Bitcoin Lightning Network has yet to see meaningful growth, and expectations for Lightning Network adoption have been overly optimistic, with most transaction fee peaks attributable to the collapse of crypto institutions. (source link)

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