TRON revenue increased by 46%, closing the gap with Ethereum

TRON network revenue saw an impressive increase in August, while ethereum recorded a notable decline.

According to data shared by Lookonchain, TRON (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.

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>

Data shows that ethereum revenue fell 33% from the $94 million mark in July.

According to a report by crypto.news, TRON’s daily revenue hit an all-time high of $5.33 million on August 22 after surpassing ethereum. This happened after TRON-based meme coin platform SunPump, a competitor of Pump.fun, gained increasing attention from investors and traders.

Lookonchain data shows that Solana (SOL) secured the third spot with a monthly revenue of $25.6 million. Notably, Solana’s revenue nearly halved in August, falling from $49.8 million.

bitcoin (btc) also saw a 16.8% decline in monthly revenue, from $24.9 million in July to $20.7 million in August.

According to data from Lookonchain, 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 crypto.news’ price page, TRX is the only token on the list that saw a price increase over the past 30 days, up 22%. btc and eth fell by 4.4% and 16% over the past month.

Binance Coin (BNB) and SOL experienced declines of 2% and 6.3% over the past month.