加密貨幣費用終極指南：它們如何運作以及為何它們重要

在《比特幣市場雜誌》，我們像投資股票一樣投資加密代幣。雖然兩者之間存在重要差異，但我們像傳統公司一樣分析加密“公司”，並透過兩者的組合來實現投資多元化。

Crypto companies, like traditional companies, earn revenue by charging users fees for transactions on their networks. These fees are a key indicator of a blockchain project’s utility, demand, and long-term stability.

與傳統公司一樣，加密貨幣公司透過向用戶收取網路交易費用來賺取收入。這些費用是區塊鏈專案效用、需求和長期穩定性的關鍵指標。

In this guide, we're highlighting the top crypto companies earning the most fees and explaining how these fees can be a crucial metric for identifying promising crypto investments.

在本指南中，我們重點介紹賺取最多費用的頂級加密公司，並解釋這些費用如何成為識別有前途的加密投資的關鍵指標。

Key Takeaways:

要點：

Just as a traditional company generates income by charging customers for its products or services, crypto companies collect fees from users who transact on the network. Essentially, fees are how crypto companies make money.

正如傳統公司透過向客戶收取其產品或服務費用來賺取收入一樣，加密貨幣公司向在網路上進行交易的用戶收取費用。從本質上講，費用是加密貨幣公司賺錢的方式。

Think of it like a toll road. Drivers pay a fee to use the road, which is then collected by the company or authority that maintains the infrastructure. The more popular and essential the road, the higher the fee revenue.

把它想像成一條收費公路。司機支付道路使用費，然後由維護基礎設施的公司或機構收取。道路越受歡迎、越重要，費用收入就越高。

Similarly, a blockchain network that processes many transactions—especially if users are willing to pay higher fees for faster service—will generate substantial fees, which can indicate a great long-term investment.

同樣，處理許多交易的區塊鏈網路（特別是如果用戶願意為更快的服務支付更高的費用）將產生大量費用，這可能意味著巨大的長期投資。

For crypto investors, fees are a great barometer of a company’s success. Because they are like revenue of a traditional company, they are one of our most important metrics for identifying promising crypto investments.

對於加密貨幣投資者來說，費用是公司成功的重要晴雨表。因為它們就像傳統公司的收入，所以它們是我們識別有前途的加密貨幣投資的最重要指標之一。

Top Crypto Companies by Fees

按費用排名的頂級加密貨幣公司

Ethereum

以太坊

With almost $2B in fees this year, Ethereum’s high fee revenue is a result of several factors. On one hand, there has been an increase in usage due to the DeFi and NFT market boom.

以太坊今年的費用接近 20 億美元，其高額費用收入是由多種因素造成的。一方面，由於 DeFi 和 NFT 市場的繁榮，使用量增加。

However, network congestion and gas fee structures also play a role. Ethereum is no stranger to network congestion, and when this happens, users have to bid higher gas fees in order to have their transactions prioritized.

然而，網路擁塞和燃氣費結構也發揮了作用。以太坊對網路擁塞並不陌生，當這種情況發生時，用戶必須支付更高的汽油費才能優先處理他們的交易。

Ethereum also has a base fee mechanism that was introduced in August 2021. The base fee adjusts automatically based on network congestion, with fees rising during periods of high activity. Under this structure, users can also pay “tips” to have their fees prioritized.

以太坊還具有 2021 年 8 月推出的基本費用機制。在這種結構下，用戶還可以支付“小費”以優先處理費用。

Ethereum experienced a spike in fees in March 2024 due to a growth in speculative activity, particularly on decentralized exchanges like Uniswap. This activity was fueled by the rising popularity of ERC-404, an unofficial token standard that enables fractionalized NFTs. These tokens have much higher gas fees -- as much as three times more than traditional NFTs – which led to a surge in gas prices.

由於投機活動的增加，尤其是 Uniswap 等去中心化交易所的投機活動，以太坊在 2024 年 3 月經歷了費用飆升。 ERC-404 的日益普及推動了這項活動，ERC-404 是一種非官方代幣標準，可實現碎片化 NFT。這些代幣的 Gas 費要高得多，是傳統 NFT 的三倍，這導致 Gas 價格飆升。

Broader events in the crypto market also played a role, as BlackRock launched a bitcoin ETF in early March that increased overall interest in cryptocurrencies.

加密貨幣市場的更廣泛事件也發揮了作用，貝萊德 (BlackRock) 在 3 月初推出了比特幣 ETF，增加了人們對加密貨幣的整體興趣。

Tron

創

Tron has earned about $1.35 billion in fee revenue this year, partially due to stablecoin activity, as Tron has become the go-to network for USDT (Tether) transactions. USDT is one of the most popular stablecoins in the world, and Tron’s fast speeds and low transaction costs have made it a preferred network for many stablecoin users.

Tron 今年的手續費收入約為 13.5 億美元，部分歸功於穩定幣活動，因為 Tron 已成為 USDT（Tether）交易的首選網路。 USDT是全球最受歡迎的穩定幣之一，Tron的快速速度和較低的交易成本使其成為許多穩定幣用戶的首選網路。

Unlike Ethereum, Tron is designed for low-cost microtransactions, making it an attractive platform for those performing frequent, small-value transactions. Where Ethereum’s fee growth has been fairly flat, Tron’s fees are definitely growing.

與以太坊不同，Tron 是為低成本微交易而設計的，這使其成為那些執行頻繁、小額交易的人的一個有吸引力的平台。以太坊的費用成長相當平穩，而波場的費用肯定在成長。

Tether

繫繩

As of this writing, Tether has earned $1.209B YTD in fees. As mentioned, Tether remains one of the most widely used stablecoins, and it’s a go-to for many for cross-border payments and remittance services, particularly in countries where traditional banking systems are unreliable.

截至本文撰寫時，Tether 年初至今已賺取 1.209B 美元的費用。如前所述，Tether 仍然是使用最廣泛的穩定幣之一，它是許多人跨境支付和匯款服務的首選，特別是在傳統銀行系統不可靠的國家。

It is also currently one of the most transacted assets on the Ethereum blockchain, and when Ethereum experiences congestion due to high network activity, Tether benefits by earning more in fees.

它也是目前以太坊區塊鏈上交易量最大的資產之一，當以太坊因網路活動頻繁而出現擁塞時，Tether 會透過賺取更多費用而受益。

Tether brings in $13.4 million in fees each day on average

Tether 平均每天帶來 1,340 萬美元的費用

Bitcoin

比特幣

Bitcoin has earned substantial revenue in fees this year – around $800 million – in part due to a significant uptick in transaction volume.

比特幣今年獲得了可觀的費用收入——約 8 億美元——部分原因是交易量大幅上升。

Additionally, bitcoin introduced the Ordinals protocol in 2023, which allows users to embed data, such as texts or images, directly onto the bitcoin blockchain. This has led to minting more NFTs on bitcoin, which previously was not a widespread practice. Minting NFTs requires more block space, leading to higher transaction fees, particularly in times of high demand.

此外，比特幣於 2023 年引入了 Ordinals 協議，該協議允許用戶將文字或圖像等資料直接嵌入到比特幣區塊鏈中。這導致在比特幣上鑄造更多的 NFT，而這在以前並不普遍。鑄造 NFT 需要更多的區塊空間，從而導致交易費用更高，尤其是在需求高的時期。

These “BRC-20 tokens” have also led to speculative trading activity on bitcoin, which has resulted in more network congestion, therefore increasing fees further.

這些「BRC-20代幣」也導致了比特幣的投機交易活動，從而導致了更多的網路擁塞，從而進一步增加了費用。

Bitcoin’s fees also spiked in April 2024, due to the highly anticipated halving event on April 20th, wherein rewards for miners were cut in half. This led to increased competition among users trying to have their transactions confirmed on the final blocks before and immediately after the halving.

由於 4 月 20 日備受期待的減半事件，礦工的獎勵減少了一半，比特幣的費用也在 2024 年 4 月飆升。這導致用戶之間的競爭加劇，試圖在減半之前和之後立即在最終區塊上確認其交易。

Despite the spike in fees, things cooled down quickly after the halving, with fees returning to normal levels shortly afterward.

儘管費用飆升，但減半後情況迅速降溫，費用很快就恢復到正常水平。

Lido Finance

麗都金融

Lido Finance has earned $780.413M YTD in fees. Lido’s high fee revenue can be partially attributed to it being a dominant blockchain for

Lido Finance 今年迄今已賺取 7.80413 億美元的費用。 Lido 的高額費用收入部分歸因於它是一個主導的區塊鏈