Tron surpasses Ethereum and solana in revenue generated in the past 24 hours

According to data from decentralized finance data aggregator DeFiLlama, Tron has surpassed both Ethereum and Solana in terms of network revenue generation.

On Tuesday, Tron (TRX) earned over $1.4 million in the past 24 hours. For comparison, Ethereum (ETH), the world’s second-largest crypto network by market cap, amassed around $844,276 in the same period.

Data from DeFiLlama also showed that Tron outperformed Solana (SOL) in this metric. The Solana network generated $940,009 in 24-hour revenue, which was higher than Ethereum and the recently outperformed meme coin launchpad Pump.fun. On-chain data showed that Pump generated around $867,429 in revenue over the past 24 hours.

TRON revenue last week

Just like in the last 24 hours, Tron has generated more revenue compared to Ethereum and Solana in the last week.

Tron leads Ethereum with a total revenue of $8.67 million in the last seven days. Meanwhile, Ethereum comes in second, recording around $8.08 million, while Solana comes in third overall with $6.38 million.

Tron has also seen significant revenue growth over the past 30 days, but it has lagged behind Ethereum during this period. In a month when spot Ethereum exchange-traded funds began trading in the US, Ethereum’s revenue rose to over $52.48 million.

The Tron network comes in second with a 30-day revenue of $40.2 million, while Pump.fun has overtaken Solana with around $25.83 million in revenue so far.

Solana’s revenue during this period was $23.59 million, which is well above companies like Lido, Uniswap, and Maker, which earned $8.82 million, $8.1 million, and $7.32 million, respectively.

What’s in store for Tron?

Tron’s rising revenue comes as the blockchain network sees a surge in developments set to bolster ecosystem activity. Earlier this month, Tron founder Justin Sun outlined plans for a gas-free stablecoin solution that aims to boost the blockchain’s growth through free P2P transfers.

Sun revealed that the new feature will go live in the fourth quarter. Tron also saw the issuance of its USDT stablecoin surpass $60 billion on the platform, making it the first blockchain network to reach this milestone, Sun noted.