💰 L1 REVENUE RANKINGS JUST DROPPED
Forget hype cycles and narratives — January’s numbers show where users are actually paying fees.
Here’s estimated Layer 1 revenue for Jan 2026:
🥇 $SOL — $245M
🥈 $TRX — $160M
🥉 $ETH — $89M
4️⃣ $BNB — $62M
5️⃣ $TON — $41M
6️⃣ $SUI — $28M
7️⃣ $AVAX — $22M
8️⃣ $INJ — $19M
9️⃣ $APT — $15M
🔟 $NEAR — $12M
🚀 What stands out
Solana is in a league of its own.
At $245M, it generated more revenue than Ethereum + BNB combined this month.
That points to: • Heavy on-chain activity
• Strong fee capture
• High throughput translating into real usage
Tron is the quiet giant.
$160M in a single month — driven largely by stablecoin and transfer volume. It doesn’t get the same narrative attention, but the cash flow is real.
Ethereum still commands serious revenue at $89M, showing that despite scaling debates, demand for blockspace remains strong.
📊 Why revenue matters
Revenue is one of the few hard metrics in crypto that can’t be faked by vibes:
• Users must actually transact
• Demand must exist for blockspace
• Fees reflect real economic activity
It doesn’t guarantee token performance — but it does show which ecosystems are being used at scale.
🧠 The takeaway
Narratives rotate fast.
Capital flows even faster.
But revenue shows where attention, users, and activity are already happening.
Follow usage. Follow fees. Follow the money.
