DeFi Analytics 6th March 2026

This week's edition of our Crypto DeFi Analytics.

DeFi

Crypto

Chain Fee Generation

Daily Fee Generation – Over the past week, fees generated on Tron remained the highest, rising above $1.1M before easing back toward $1.0M. Fees generated on Ethereum increased from ~$0.4M to above $0.6M, before easing back to the previous level. Fees generated on Solana were initially steady at around $0.7–0.75M, then fell sharply to just over $0.1M on the 4th of March, marking the lowest network revenue in 30 days. Sui’s fees remained close to $0 throughout the period.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

Stablecoin Supply

Stablecoin Supply by Token

Stablecoin Supply by Chain

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

Hourly Average Cost to Transfer ETH (21,000 Gas)

Blob Gas Usage – Over the past week, blob gas usage has been volatile, but was not steadily declining. Usage mostly held in a ~0.45M–0.60M range, with several brief spikes, including moves to roughly ~0.65M–0.75M and one larger jump close to ~0.8M. Recently, however, the usage fell back toward the low end of the recent range, at around ~0.45M.

Hourly Average Blob Gas Usage per Ethereum Block

Hourly Average Excess Blob Gas per Ethereum Block

Beacon Chain Balance

Beacon Chain - Over the past week, the Beacon Chain balance continued to edge higher, rising from ~37.55M ETH to ~37.65M ETH by the end of the period, despite a brief mid-week decrease.

The move comes as Ethereum’s validator entry queue has increased to ~3.4M ETH, leaving new validators facing an estimated 57-day wait, up markedly from about 904,000 ETH in early January, according to data from ValidatorQueue.

Furthermore, Bitmine Immersion Technologies disclosed on 2 March that its ETH holdings had risen to around 4.474M tokens, equivalent to roughly 3.71% of the circulating supply. Importantly, Bitmine is seeking to monetise its large ETH treasury through staking via its upcoming Made in America Validator Network (MAVAN), a platform intended to enhance yield generation on a substantial pool of staked assets.