Outside Source
Tron has outpaced both Ethereum and Solana in terms of network revenue generation, according to details from decentralized finance data aggregator DeFiLlama.
On Tuesday, Tron (TRX) had over $1.4 million in revenue generated in the past 24 hours. In comparison, Ethereum (ETH), the world’s second-largest crypto network by market cap, had accrued around $844,276 over the same period.
Data from DeFiLlama also showed Tron outperforming Solana (SOL) in this metric. The Solana network had generated $940,009 in 24-hour revenue, which was higher than Ethereum’s and recent outperformer, the meme coin launchpad Pump.fun. On-chain data showed Pump had generated about $867,429 in revenue over the last 24 hours.
TRON revenue over the past week
As well as the past 24 hours, Tron has attracted more revenue compared to Ethereum and Solana over the past week.
Tron leads Ethereum in accrued revenue over the past seven days with a total of $8.67 million. Meanwhile, Ethereum has recorded about $8.08 million to rank second, and Solana is third overall at $6.38 million.
While Tron has also shown remarkable revenue growth over the past 30 days, it lags behind Ethereum over the period. In a month that also saw spot Ethereum exchange-traded funds make their trading debut in the US, revenue for Ethereum has risen to over $52.48 million.
The Tron network comes second with a 30-day revenue of $40.2 million, while Pump.fun has so far outpaced Solana with about $25.83 million.
Solana’s revenue in this period is $23.59 million, which far outperforms the likes of Lido, Uniswap, and Maker, which have $8.82 million, $8.1 million, and $7.32 million respectively.
What’s coming up for Tron?
Tron’s rising revenue comes as the blockchain network sees a spike in developments set to bolster ecosystem activity. Earlier this month, Tron founder Justin Sun outlined plans for a gasless stablecoin solution aimed at boosting the blockchain’s growth via free P2P transfers.
Sun revealed that the new feature will go live in the fourth quarter. Tron has also seen issuance of the USDT stablecoin on the platform surpass $60 billion, which Sun noted makes it the first blockchain network to reach this milestone.
This article first appeared at crypto.news
