TRON revenue surged 46%, closing the gap with Ethereum

While the TRON network saw impressive growth in revenues in August, Ethereum experienced a notable decline.

According to data shared by Lookonchain, TRON’s (TRX) monthly revenue increased by 46.5% — from $41.9 million in July to $61.4 million in August. The network ranks second after Ethereum (ETH) with $62.6 million in revenue in August.

Data shows that Ethereum’s revenue has fallen 33% from July’s $94 million level.

TRON’s daily revenue surpassed Ethereum and reached an all-time high of $5.33 million on August 22, Crypto.news reported. This came after TRON-based meme coin platform SunPump, Pump.fun’s competitor, gained more traction from investors and traders.

Data from Lookonchain shows Solana (SOL) taking third place with $25.6 million in monthly revenue. Notably, Solana’s revenue nearly halved in August — down from $49.8 million.

Monthly revenue for Bitcoin (BTC) also fell by 16.8%, from $24.9 million in July to $20.7 million in August.

Binance Smart Chain’s monthly revenue increased by 6.6%, from $10.5 million in July to $11.2 million last month, according to data from Lookonchain.

According to data from Crypto.news’ price page, TRX is the only token on the list to see a price increase over the past 30 days, registering a 22% increase, while BTC and ETH are down 4.4% and 16% over the past month.

TRX 1D chart – September 3 | Source: crypto.news

Binance Coin (BNB) and SOL have experienced declines of 2% and 6.3% respectively in the last month.