Tron has surpassed both Ethereum and Solana in terms of revenue generation over the past 24 hours, according to data from DeFiLlama, a decentralized finance data aggregator. Tron generated over $1.4 million in revenue, while Ethereum accrued around $844,276 in the same period. Solana, on the other hand, generated $940,009 in 24-hour revenue.
Looking at the past week, Tron has also outperformed Ethereum and Solana in revenue generation. Tron leads the pack with $8.67 million in revenue over the past seven days, followed by Ethereum with $8.08 million and Solana with $6.38 million.
Although Tron has shown impressive revenue growth over the past 30 days, it still lags behind Ethereum. Ethereum’s revenue in the last month has risen to over $52.48 million, while Tron comes in second with $40.2 million. Pump.fun has outpaced Solana with $25.83 million in revenue, while Solana generated $23.59 million in the same period.
Tron’s increasing revenue is accompanied by a surge in developments aimed at boosting ecosystem activity. Tron founder Justin Sun recently announced plans for a gasless stablecoin solution that will enable free peer-to-peer transfers on the blockchain. This new feature is expected to launch in the fourth quarter. Additionally, the issuance of the USDT stablecoin on the Tron platform has exceeded $60 billion, making Tron the first blockchain network to reach this milestone.
These developments and the consistent growth in revenue highlight Tron’s potential to compete with and even outperform established players like Ethereum and Solana in the decentralized finance space. With a focus on innovation and user-friendly solutions, Tron is positioning itself as a key player in the ever-evolving cryptocurrency ecosystem.