- According to information gathered by decentralized financial data aggregator DeFiLlama, Tron has surpassed both Ethereum and Solana in terms of network revenue generating.
Tron (trx): -4.54% TRON’s revenue the day before was more than $1.4 million on Tuesday. Comparatively, throughout the same time frame, Ethereum Ethereum eth -1.24% Ethereum, the second-largest cryptocurrency network in the world by market capitalization, had gained almost $844,276.
Additionally, Tron outperformed Solan on this statistic according to data from DeFiLlama. The 24-hour revenue generated by the Solana network was $940,009, surpassing the earnings of Ethereum and the recent leader, the meme coin launchpad Pump.fun. According to on-chain data, Pump made roughly $867,429 in revenue in the previous day.
TRON’s earnings during the previous week
In comparison to Ethereum and Solana, Tron has generated more money in the last week as well as the last 24 hours.
With $8.67 million in revenue over the last seven days, Tron has surpassed Ethereum. Solana is in third place overall with $6.38 million, while Ethereum is in second place with almost $8.08 million.
Tron’s revenue increase over the last 30 days has also been impressive, but it has lagged behind Ethereum’s. Revenue for Ethereum has increased to over $52.48 million in a month that also witnessed the US launch of spot Ethereum exchange-traded funds.
With $40.2 million in income over the course of 30 days, the Tron network comes in second, and Pump.fun has so far outperformed Solana with roughly $25.83 million.
With $23.59 million in sales during this time, Solana greatly exceeds the likes of Uniswap, Maker, and Lido, who had $8.82 million, $8.1 million, and $7.32 million, respectively.
What is in store for Tron?
Tron’s revenue is increasing in tandem with a surge in advancements on the blockchain network that are expected to increase ecosystem activity. The creator of Tron, Justin Sun, previously this month unveiled plans for a gasless stablecoin that would enable cheap P2P transfers, which would accelerate the growth of the blockchain.
According to Sun, the new feature would go live in the fourth quarter. Additionally, Tron has witnessed the USDT stablecoin’s issuance on the network surpass $60 billion; according to Sun, this makes Tron the first blockchain network to accomplish this feat.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
