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Industry

DeFiLlama: Most Tracked Public Chains Generate Near-Zero Fees

DeFiLlama data shows Solana, Tron, BSC, Ethereum, Bitcoin, Base, and Robinhood Chain were the only public networks to generate more than $100,000 in transaction fees over the past 24 hours.

Written By Sharmistha Suman
Edited by Sujha Sundararajan
Published 55 minutes ago
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DeFiLlama: Most Tracked Public Chains Generate Near-Zero Fees

Key Highlights

  • DeFiLlama data shows 514 of 558 tracked public chains generated less than $1,000 in transaction fees over the past 24 hours, while 399 reported zero fees.
  • Only seven networks exceeded $100,000 in daily transaction fees, led by Solana with $1.09 million.
  • Tron ranked second with $922,900 in fees, followed by BSC, Ethereum, Bitcoin, Base, and Robinhood Chain.

DeFiLlama data from October 3 shows that most tracked chains recorded less than $1,000 in fees over the previous 24 hours. Of the 558 public chains tracked, 514 recorded transaction fees below $1,000. Of those, 443 generated less than $10, and 399 reported $0 in fees. 

According to DeFiLlama data, only seven tracked chains recorded more than $100,000 in fees during the period. Solana led with $1.09 million, followed by Tron at $922,900, BSC at $793,900, Ethereum at $435,000, Bitcoin at $325,600, Base at $114,800, and Robinhood Chain at $100,900.

Public chain data on October 3 at 2:00 pm UTC
Public chain data on October 3 at 2:00 pm UTC| Source: DeFiLlama

Breakdown of leading chains by 24-hour fees

The DeFiLlama table ranking chains by 24-hour chain fees places Solana first. It reported a bridged total value locked (TVL) of $54.544 billion, a stable market capitalization of $16.626 billion, a 24-hour decentralized exchange volume of $2.57 billion, 3.11 million active addresses, a market capitalization to DeFi TVL ratio of 3.82, and a 24-hour application revenue of $6.14 million. 

Tron ranked second in fees. Its bridged TVL stood at $105.717 billion, with a stable market capitalization of $94.801 billion, a 24-hour decentralized exchange volume of $51.41 million, 3.37 million active addresses, a market capitalization to DeFi TVL ratio of 3.48, and a 24-hour application revenue of $28,628. 

BSC followed in third place for fees, showing a bridged TVL of $39.034 billion, a stable market capitalization of $13.312 billion, a 24-hour decentralized exchange volume of $1.349 billion, 2.12 million active addresses, a market capitalization to DeFi TVL ratio of 11.51, and a 24-hour application revenue of $1.44 million.

Ethereum placed fourth, with a bridged TVL of $402.578 billion, a stable market capitalization of $146.446 billion, a 24-hour decentralized exchange volume of $1.575 billion, 503,252 active addresses, a market capitalization to DeFi TVL ratio of 2.31, and a 24-hour application revenue of $1.42 million. 

Bitcoin ranked fifth in fees. It listed bridged TVL and stable market capitalization at $0, 24-hour decentralized exchange volume of $633,153, and 712,825 active addresses, a market capitalization to DeFi TVL ratio of 292, and a 24-hour application revenue of $2,036. 

Base occupied sixth position, reporting a bridged TVL of $21.149 billion, a stable market capitalization of $5.23 billion, a 24-hour decentralized exchange volume of $1.363 billion, 281,406 active addresses, and 24-hour application revenue of $708,309. 

Robinhood Chain ranked seventh, with a bridged TVL of $3.114 billion, a stable market capitalization of $1.055 billion, 24-hour decentralized exchange volume of $1.343 billion, and 24-hour application revenue of $892,990.

Additional context on public chain metrics

Separate data from August 2 indicated that Tron’s total transfer value surpassed the $5 trillion mark. The network was described as the second-largest public chain by stablecoin market capitalization at that time. 

It had added 105 million new accounts and recorded 3.6 billion transactions. The network’s total value locked had crossed $11 billion. JustLend DAO, identified as the first lending platform on Tron, held $3.56 billion locked.

Also Read: Coinbase’s Chief Accounting Officer Jennifer Jones to Retire After Eight Years

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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