Cryptocurrency activity has dwindled in the past few months as more people exit the industry following the collapse of FTX and Alameda Research. The number of crypto outflows has risen while activity in decentralized finance (DeFi) and non-fungible tokens (NFT) has dipped. Here are the top networks in terms of fees in the past 30 days according to data compiled by DeFi Llama.
Ethereum
Ethereum is the biggest smart contract platform in the world. Its technology powers some of the best-known players in the blockchain industry like those in DeFi, Non-Fungible Tokens (NFT), and the metaverse. Some of its most popular platforms in its ecosystem are Bored Ape Yacht Club, Aave, Maker, and Uniswap.
Ethereum was the most profitable blockchains in the past 30 days. It generated over $72.3 million in total fees in this period. It has made over $16.5 million in the past seven days. Ths makes it bigger than most other chains combined.
Lido
Lido is a major player in the blockchain industry that became the biggest DeFi platform in the world this week. It is a liquid staking platform that makes it possible for people to earn returns for their staked tokens. Lido is available in blockchains like Solana, Ethereum, and Polkadot. It has over $5 billion in total value locked (TVL). According to DeFi Llama, Lido’s fees in the past 30 days surged to $25.1 million. It has handled $5.4 million in the past 7 days.
BNB Chain
The BNB Chain is a leading player in the blockchain industry. It was developed by Binance to help developers build quality applications. Recently, BNB Chain has come under pressure as concerns about Binance ecosystem remains. Investors are concerned that Binance will be targeted by regulators because of its role in the crypto industry. BNB Chain generated $26 million in the past 30 days.
Uniswap
Uniswap is the biggest DEX in the world. It is a platform that makes it possible for people to trade and invest in cryptocurrencies in a decentralized manner. It handles billions in transaction fees on a monthly basis. It generated over $23 million in fees in the past 30 days.
OpenSea
OpenSea is the biggest NFT exchange in the world. It is a popular platform that makes it possible for people to sell NFTs across multiple chains like Ethereum and Solana. OpenSea makes money by charging a transaction cost for all its transactions. In the past few months, these fees have dwindled as the volume of NFT volume has slumped. Still, OpenSea generated over $18 million in revenue in the past 30 days and $5 million in the past 7 days.
