TRON Leads Blockchain Revenue, Outpacing Ethereum & Bitcoin

TRON has emerged as the highest revenue-generating blockchain over the past week, surpassing Ethereum, Solana, and Bitcoin.

TRON achieved a staggering $12.9 million in fees, increasing by 1.4%, while Ethereum and Solana made $6.87 million and $6.7 million, respectively, with significant drops of 23% and 6.9%.

TRON also maintained high user engagement, with over 6.19 million active addresses and 60 million transactions, marking a 3.2% increase.

Predominantly, Bitcoin recorded a dramatic 45% loss of fee income, making only $3.03 million during the last week. Further, Bitcoin registered a decline of 7.5% in active addresses, reflecting lowered on-chain action.

This increase in TRON’s revenue is contributed primarily by its strong stablecoin business and burgeoning memecoin market on the network. The total revenue of TRON in Q3 2024 amounted to $566 million, surpassing Ethereum and Bitcoin in transaction-based income. The network continues to be supported by its low fee per transaction and widespread usage within the DeFi and stablecoin space.

While its native token, TRX, has performed exceptionally well in terms of network activity, it has dropped by around 9.22% over the last week. The TRX is currently at $0.2230 with a market cap of $21 billion.

Also Read: Analyst target Tron TRX to $1, will Buyers Pump the Price?