Ethereum Layer 1 accumulates $1.67 billion in fees from DeFi
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 18 2025Ethereum's Dominance in DeFi Fees: Ethereum Layer 1 has accumulated over $1.67 billion in gas fees from DeFi, representing more than 30% of all DeFi fees, while other chains like Base and Arbitrum One lag significantly behind in both total and weekly fees.
Vitalik Buterin's Scaling Proposal: Ethereum co-founder Vitalik Buterin proposed increasing Layer 1 gas limits to enhance scalability and reduce gas fees amid declining activity on Layer 2s, addressing concerns about potential censorship and the need for a robust base layer.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
