Investors cast their votes with numbers, and BlockDAG is winning the popularity contest with over 81,000 enthusiasts rallying on its X platform. This wave of support has catapulted its presale earnings to a hefty $58 million, distributing more than 12 billion coins. This surge in popularity edges BlockDAG nearer to its ambitious $100 million target before its official launch. Meanwhile, Ethereum continues to rule the blockchain realm with its hefty fee revenues. However, the race heats up for the inaugural US-approved Solana ETF, with 21Shares and VanEck vying for the lead.

Ethereum’s Command Over Fee Revenues Unveiled

Recent data from Lookonchain spotlights Ethereum’s command at the forefront of annual fee revenues among the top ten blockchains, amassing upwards of $2.7 billion—towering over competitors like Bitcoin and Tron. Following are Solana, BSC, and Avalanche with significant earnings of their own. Despite the infamy of Ethereum’s high gas prices, introducing layer 2 solutions such as zkSync Era and Optimism has eased the cost, dropping average transaction fees to about 5 gwei, or roughly $0.27.

The escalating activities in Ethereum-based Dapps, witnessing a 300% boom in volume, further cement Ethereum’s fee revenue dominance and its strides in scalability.