Ethereum, L2 Share of App Fees Falls to 39% From 72%; Solana Reaches 31% - bloomingbit
Ethereum and its Layer-2 networks have seen their share of total application fees drop to 39% over the past five years, while Solana has rapidly expanded its share to 31%.
The landscape of blockchain application fees has shifted dramatically over the last five years. In November 2021, Ethereum and its Layer-2 networks accounted for 72% of total app fees across just six blockchains with a meaningful application economy.
By November 9, the number of such blockchains had risen to 16, and the combined share for Ethereum and L2s had fallen to 39%. During the same period, Solana's share of app fees surged to 31%.
This trend highlights a decentralization of the application economy beyond the original Ethereum ecosystem.
Ethereum's direct share has declined, but its technological influence is spreading across multiple blockchains.
EVM dominance and Solana's ecosystem
Ethereum's technological influence is spreading through the broader EVM-compatible blockchain ecosystem, which now accounts for 65% of total app fees.
This is driven by applications operating across multiple blockchains, with 61% of Ethereum's app fees coming from such cross-chain deployments. For example, the Uniswap decentralized exchange has been deployed on nine different blockchains.
In contrast, Solana's ecosystem is more self-contained, with 77% of its app fees generated by applications that operate only on its own network.
Analysts also identified Tron and Hyperliquid as meaningful alternative ecosystems, with Hyperliquid still considered within Ethereum's broader reach due to its EVM compatibility.
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