Chia

Chia is a layer-1 blockchain and smart-transaction platform founded by Bram Cohen, the creator of the BitTorrent protocol, and backed by Andreessen Horowitz. It aims to offer a more energy-efficient and secure alternative to conventional blockchains for developers building decentralized applications and for enterprises seeking a compliant, auditable transaction infrastructure. The project argues that existing proof-of-work chains consume too much electricity and that existing smart-contract languages are difficult to audit safely.

Rather than requiring miners to perform energy-intensive computations, Chia uses a consensus mechanism called Proofs of Space and Time, which asks participants called farmers to dedicate unused hard-drive space to the network in exchange for the chance to validate blocks. Smart contracts on Chia are written in Chialisp, a purpose-built language designed to be auditable and secure. XCH, the native token, is used to pay transaction fees on the network and is awarded to farmers who successfully produce blocks.

Chia collected 2.40 USD in fees over the most recent 24-hour period, 22.38 USD over the trailing 7 days, 61.26 USD over the trailing 30 days, and 1,545.14 USD over the trailing 12 months, with fees annualized from the 30-day figure standing at 745.33 USD. Fee growth over the last 30 days was negative at -1.64. Recorded protocol revenue for the 24-hour period, the trailing 30 days, and the trailing 12 months is 0.00 USD across all three windows, meaning the protocol itself retains nothing from the fees that users pay — those fees flow to block producers rather than to a treasury or protocol fund. The annualized fee yield relative to market capitalization stands at approximately 0.0025 percent.