Ethereum
Tron Overtakes Ethereum and Solana in Revenue Generated in Last 24 Hours
Tron has surpassed Ethereum and Solana in terms of network revenue generation, according to details from decentralized finance data aggregator DeFiLlama.
Tuesday, Tron (TRX) generated over $1.4 million in revenue in the last 24 hours. In comparison, Ethereum (ETH), the world’s second-largest crypto network by market capitalization, had accumulated around $844,276 during the same period.
DeFiLlama Data also showed that Tron outperformed Solana (GROUND) in this metric. The Solana network generated $940,009 in revenue over 24 hours, which is higher than both Ethereum and its recent outperformer, meme coin launcher Pump.fun. On-chain data showed that Pump generated approximately $867,429 in revenue over the past 24 hours.
TRON’s turnover over the past week
Over the past 24 hours, Tron has attracted more revenue than Ethereum and Solana over the past week.
Tron leads Ethereum in terms of revenue accrued over the past seven days with a total of $8.67 million. Meanwhile, Ethereum recorded around $8.08 million to rank second, and Solana is third overall with $6.38 million.
While Tron has also posted remarkable revenue growth over the past 30 days, it has lagged behind Ethereum over the period. In a month that also saw Ethereum spot exchange traded funds Ethereum’s revenue reached over $52.48 million as it made its trading debut in the United States.
Tron network comes in second with a 30-day turnover of $40.2 million, while Pump.fun has so far surpassed Solana with around $25.83 million.
Solana’s revenue during this period is $23.59 million, which far exceeds that of Lido, Uniswap, and Maker, which have $8.82 million, $8.1 million, and $7.32 million, respectively.
What’s happening to Tron?
Tron’s revenue surge comes as the blockchain network sees a surge in developments that are expected to boost ecosystem activity. Earlier this month, Tron founder Justin Sun outlined plans for a gasless stablecoin solution aimed at driving blockchain growth through free P2P transfers.
Sun revealed that the new feature will go live in Q4. Tron has also seen issuance of the USDT stablecoin on the platform surpass $60 billion, which Sun note making it the first blockchain network to reach this milestone.