71% of Tracked Blockchains Generated Zero Fees in 24 Hours
By Karthik Subramanian
AI summary of the source article
More than 71% of blockchains tracked by DefiLlama generated zero fees over a 24-hour period, according to an October 3 snapshot. Out of 558 measured networks, 399 recorded zero chain fees, highlighting a sharp concentration of activity among top networks. Only seven chains generated more than $100,000 in daily fees, led by Solana at approximately $1.09 million, followed by Tron, BNB Chain, Ethereum, Bitcoin, Base, and Robinhood Chain. While low or zero fees do not necessarily mean zero usage due to subsidized transactions or protocol-level fees, the data underscores questions surrounding sustainable blockspace demand.
Why it matters
The findings highlight that blockchain deployment has outpaced sustainable fee-paying demand, which is crucial for funding validators, treasuries, and token-burning mechanisms once initial incentives fade.
Key facts
- 399 out of 558 blockchains (over 71%) tracked by DefiLlama generated zero fees in a 24-hour period on October 3.
- Only seven networks generated more than $100,000 in daily fees, with Solana leading as the only chain above $1 million ($1.09 million).
- Tron generated $922,900, BNB Chain $793,900, Ethereum $435,000, Bitcoin $325,600, Base $114,800, and Robinhood Chain $100,900.