Ethereum ecosystem’s app fee share falls from 72% to 39%

Real Vision crypto analyst Jamie Coutts said Ethereum and its Layer 2 ecosystem accounted for 39% of total dApp fees across major blockchains over the past 30 days, down sharply from 72% in November 2021. App fee share refers to the portion of total fees generated by decentralized apps across major blockchains that is attributed to a specific ecosystem. Over the same period, Solana’s share stood at 31%. Coutts said 61% of Ethereum’s app fees came from apps operating across multiple blockchains, while 77% of Solana’s app fees came from apps running exclusively on Solana. He added that Ethereum’s share rises to 65% when the technology-based ecosystem includes EVM-compatible chains such as Hyperliquid.