Core Insights - Ethereum's on-chain transaction volume and DeFi market share reached historical highs in 2025, but mainnet fee revenue significantly declined [1] Group 1: Financial Performance - Layer-2 networks generated approximately $129 million in total revenue for the year, with only about $10 million paid to the Ethereum mainnet for settlement and security [1] - The remaining $119 million was retained by Layer-2 operators, indicating that Ethereum forfeited over $100 million in potential fee revenue this year [1] - Coinbase's Base network accounted for over $75 million in revenue, representing nearly 60% of total Layer-2 revenue [1] Group 2: Market Dynamics - The Dencun upgrade led to reduced fees, contributing to a roughly 10% decline in ETH prices for the year [1] - Despite the deflationary effect weakening, Ethereum's Total Value Locked (TVL) in DeFi increased to approximately 64% [1]
CryptoSlate：Layer-2 分流收入致以太坊 2025 年主网手续费减少超 1 亿美元，Base 占近六成
Xin Lang Cai Jing·2026-01-01 08:28