Tron Outperforms Ethereum in Terms of Revenue, Generating $1.42M in Past Day
The Tron blockchain has outpaced Ethereum in terms of revenue, accruing $1.42 million over the last 24 hours.
In contrast, the Ethereum network generated $844,276 during the same period, according to DefiLlama data.
The achievement comes despite Ethereum’s recent high-profile launch of spot Ether exchange-traded funds (ETFs) in the United States on July 23, which drove an impressive $2.2 billion in inflows.
Despite this influx, Ethereum’s fee revenue over the past week was approximately $600,000 less than Tron’s, highlighting Tron’s growing dominance.
Since July 23, Tron has consistently maintained the top spot in revenue generation.
Over the past seven days, Tron recorded a revenue of $8.67 million, surpassing Ethereum’s $8.08 million.
Solana, another key player in the blockchain space, generated $940,009 in 24-hour revenue, exceeding Ethereum’s performance over the same period.
However, Solana’s seven-day revenue of $6.38 million fell short of both Tron and Ethereum.
Over the last 30 days, Ethereum has held its position as the leading revenue generator with $52.48 million, followed by Tron’s $40.2 million and Pump.fun’s impressive $25.83 million, which outperformed Solana.
Adding to Tron’s momentum, founder Justin Sun has announced that the team is developing a gasless stablecoin solution for free peer-to-peer transfers.
Sun explained that transaction fees would be covered by the stablecoins themselves, with plans to integrate this solution on the Tron blockchain by the fourth quarter of 2024.
Future plans include extending this stablecoin solution to Ethereum and other Ethereum Virtual Machine-compatible public chains.
Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers
Read more on cryptonews.com
