Compartir este artículo
Bank of America Says Blockchains Have Intrinsic Value, Citing Transaction Fees
The bank's report, however, noted that the fees on the Bitcoin and Ethereum chains have fallen this year.
Por Will Canny
Blockchains and the applications that run on them have intrinsic value, Bank of America noted in a research report, saying it rejects regularly heard claims to the contrary.
In June, Bank of England Governor Andrew Bailey echoed negative sentiment about cryptocurrencies in comments to Parliament, saying the asset class has no “intrinsic value.”
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
The Ethereum blockchain has generated about $3.9 billion in transaction fees so far this year and generated about $9.9 billion in fees last year. Last year's total was 1,558% more than the year before, the report published Friday said.
The Bitcoin blockchain has produced around $93 million in fees year to date, compared with about $1 billion for all of last year, the report added.
Ethereum transaction fees likely declined year to date as holders “moved to the sidelines,” the bank said. Bitcoin fees have probably fallen since April 2021 because of the adoption of the Lightning Network, which allows for smaller and instant bitcoin payments.
Bank of America says it is not yet able to forecast cash flows for blockchains because they are unpredictable in the “nascent industry." Blockchains generate cash flows via transaction fees from validating native token transactions or by validating transactions from applications that run on top of the blockchain.
Cash flows in the form of transaction fees are expected to accelerate for blockchains that have strong user growth and development in addition to a clear use case, the note said.
Read more: BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Lo que debes saber:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
