Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 – still a huge economic machine, but after L2 fee compression its dominance in fees isn’t what it used to be: roughly 25–35% of revenue with 15–20% of market cap.
⚪️ Bitcoin – holds 50%+ of the market cap, but brings only 2–5% of revenue.
That’s logical: $BTC is monetary collateral, not a business, but it shows how misleading pure market cap comparisons can be.
⚪️ All the rest (AVAX, BNB, Tron, Cosmos, meme chains, DeFi, etc.) share just 15–25% of total revenue.
If you look at the economics, the current hierarchy by business income looks like this:
👉 Solana > Ethereum > The rest > Bitcoin
$BTC $ETH $SOL