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Performance comparison of on-chain service charges of popular cryptocurrencies

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According to reports, according to Cryptofees.info data, in the last 24 hours, the revenue of Ethereum\’s on-chain service charges was 6020240.16 dollars, the r…

Performance comparison of on-chain service charges of popular cryptocurrencies

According to reports, according to Cryptofees.info data, in the last 24 hours, the revenue of Ethereum’s on-chain service charges was 6020240.16 dollars, the revenue of Uniswap’s on-chain service charges was 1400917.16 dollars, the revenue of SushiSwap’s on-chain service charges was 1198384.94 dollars, the revenue of Bitcoin’s on-chain service charges was 575044.81 dollars, the revenue of BSC’s on-chain service charges was 525656.98 dollars, and the revenue of GMX’s on-chain service charges was 363318.29 dollars.

The GMX on-chain service fee revenue in the past 24 hours was $360000

Analysis based on this information:


The message reports the revenue generated by the on-chain service charges of various popular cryptocurrencies in the last 24 hours. According to Cryptofees.info data, the highest revenue was generated by Ethereum, which earned 6020240.16 dollars. Uniswap and SushiSwap followed closely, with revenues of 1400917.16 dollars and 1198384.94 dollars, respectively. Bitcoin earned 575044.81 dollars, BSC earned 525656.98 dollars, and GMX earned 363318.29 dollars.

On-chain service charges are transaction fees paid by cryptocurrency users for using the blockchain network of a particular cryptocurrency. The higher the usage of a cryptocurrency, the more the revenue generated from its on-chain services, which are essential for the functioning of the blockchain network. Comparing the revenues of different cryptocurrencies can give insights into their popularity and usage.

Ethereum’s on-chain service charges are considerably higher than its competitors, reflecting its dominance in the cryptocurrency market. Notably, Ethereum is a popular choice for building decentralized applications (DApps) and smart contracts. Therefore, it is expected that Ethereum’s on-chain revenue will remain high or even increase in the future due to the increasing adoption of Ethereum-based DApps.

Uniswap and SushiSwap are decentralized exchanges built on the Ethereum blockchain. The revenue generated by their on-chain services stands in close competition with each other, indicating that they are equally popular among cryptocurrency users. Both exchanges allow users to trade various cryptocurrencies and earn rewards by providing liquidity, contributing to their popularity.

Bitcoin, the first and most popular cryptocurrency, earned considerably less revenue than Ethereum, Uniswap, and SushiSwap, but it remains a crucial player in the cryptocurrency market. Binance Smart Chain (BSC) is a relatively new blockchain network that aims to provide an alternative to Ethereum’s high gas fees, and its revenue from on-chain services is growing steadily. GMX is the native cryptocurrency of the Gemini exchange, and although its on-chain service fee revenue is relatively low, its increasing adoption indicates its potential for growth.

In conclusion, the comparison of the on-chain service charge revenues of different cryptocurrencies provides an insight into their usage and popularity. Ethereum remains the leader, followed closely by Uniswap and SushiSwap. However, the growth of other cryptocurrencies, such as BSC and GMX, also indicates the potential for competition in the cryptocurrency market.

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