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Tron has surpassed both ethereum and Solana in terms of network revenue generation, according to details from decentralized finance data aggregator DeFiLlama.
On Tuesday, Tron (TRX) generated over $1.4 million in revenue over the past 24 hours. In comparison, ethereum (eth), the world’s second-largest cryptocurrency network by market cap, had accumulated around $844,276 over the same period.
DeFiLlama Data Tron was also shown to have outperformed Solana (SOL) on this metric. The Solana network had generated $940,009 in revenue in 24 hours, which was higher than the performance of ethereum and its recent overtaker, meme coin launchpad Pump.fun. On-chain data showed that Pump had generated around $867,429 in revenue over the past 24 hours.
TRON earnings over the past week
In addition to the last 24 hours, Tron has attracted more inflows compared to ethereum and Solana over the past week.
Tron leads ethereum in cumulative revenue over the past seven days with a total of $8.67 million. Meanwhile, ethereum has recorded around $8.08 million to take second place, and Solana takes third place overall with $6.38 million.
While Tron has also shown notable revenue growth over the past 30 days, it lags behind ethereum over the same period. In a month that also saw the debut of ethereum ETFs in the US, ethereum revenues increased to over $52.48 million.
The Tron network is in second place with a 30-day revenue of $40.2 million, while Pump.fun has so far surpassed Solana with about $25.83 million.
Solana's revenue in this period is $23.59 million, which far exceeds that of Lido, Uniswap and Maker, which have $8.82 million, $8.1 million and $7.32 million respectively.
What's next for Tron?
Tron’s revenue surge comes at a time when the blockchain network is seeing a surge in developments aimed at boosting ecosystem activity. Earlier this month, Tron founder Justin Sun outlined plans for a gas-free stablecoin solution aimed at boosting the blockchain’s growth through free P2P transfers.
Sun revealed that the new feature will be available in the fourth quarter. Tron has also seen the issuance of the USDT stablecoin on the platform exceed $60 billion, which Sun x.com/justinsuntron/status/1813110594364711328″ target=”_blank” rel=””>noted making it the first blockchain network to reach this milestone.
