Jamie Coutts: Ethereum and Layer-2s market share of app fees fell as more chains gained real app economies

Jamie Coutts: Ethereum and Layer-2s market share of app fees fell as more chains gained real app economies
Sixteen chains reach real app economies

Over the past 30 days, 16 different blockchain networks have developed real app economies, according to Jamie Coutts. Of the total fees generated by these chains, Ethereum and its Layer-2s accounted for 39 percent, while Solana represented 31 percent.

Coutts added that in November 2021, only six chains had a real app economy, with Ethereum and its Layer-2s commanding 72 percent of the fees. He also noted that 61 percent of Ethereum's app fees now come from apps that are active on multiple chains.

Earlier this year, Jamie Coutts described the onset of a "payback era" for crypto driven by capital discipline and changing demand. He has also observed that altcoin supply overhang is becoming manageable, with payouts to holders expected to improve by 2026. These previous comments provide further context for the recent developments in blockchain app economies.

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