Tron outperforms Ethereum and Solana in 24 Revenue Generation

Jul. 30, 2024. 1 min. read.

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Tron has surged ahead of both Ethereum and Solana in network revenue generation over the past 24 hours, as reported by decentralized finance data aggregator DeFiLlama. Tron has amassed over $1.4 million in revenue, overshadowing Ethereum’s $844,276 and Solana’s $940,009 during the same timeframe.

This trend extends beyond just a day, with Tron consistently leading in revenue over the past week. The data shows Tron’s seven-day revenue standing at $8.67 million, compared to Ethereum’s $8.08 million and Solana’s $6.38 million. Despite Ethereum’s dominance in the market cap rankings, Tron’s weekly figures have edged out its competitors, indicating a strong performance in the decentralized finance sector.

Over the last month, Ethereum still leads with over $52.48 million in revenue, largely fueled by the debut of spot Ethereum exchange-traded funds in the U.S. However, Tron maintains a robust second place with $40.2 million in 30-day revenue. Interestingly, the meme coin launchpad Pump.fun has also made notable strides, accumulating $25.83 million and surpassing Solana, which garnered $23.59 million in the same period.

The revenue growth of these networks provides a snapshot of the shifting dynamics in the cryptocurrency landscape, where traditional leaders like Ethereum face stiff competition from newer networks like Tron. Tron’s recent developments have further bolstered its position. Earlier this month, Tron founder Justin Sun announced the upcoming introduction of a gasless stablecoin solution, which is expected to enhance the blockchain’s growth through free peer-to-peer transfers.

According to Sun, this new feature is set to launch in the fourth quarter of the year. Moreover, the issuance of the USDT stablecoin on Tron has surpassed $60 billion, marking it as the first blockchain to achieve this milestone, further highlighting Tron’s emerging dominance in the sector.

Source: Tron surpasses Ethereum and solana in revenue generated in the past 24 hours

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