TRON (TRX) Has Emerged as the Highest Revenue-Generating Blockchain

TRON achieved a staggering $12.9 million in fees, increasing by 1.4%, while Ethereum and Solana made $6.87 million and $6.7 million, respectively

output: TRON has emerged as the highest revenue-generating blockchain over the past week, surpassing Ethereum, Solana, and Bitcoin.

According to CCData, TRON achieved an impressive feat with $12.9 million in revenue, showcasing an increase of 1.4%.

In comparison, Ethereum and Solana generated $6.87 million and $6.7 million, respectively, with significant drops of 23% and 6.9%.

TRON also maintained high user engagement, with over 6.19 million active addresses and 60 million transactions, presenting a 3.2% increase.

Predominantly known for its Bitcoin blockchain, there was a dramatic decline in fee income by 45%, making only $3.03 million during the last week.

Further, Bitcoin registered a decline of 7.5% in active addresses, reflecting lower on-chain action.

This increase in TRON’s revenue is contributed primarily by its strong stablecoin business and burgeoning memecoin market on the network.

The total revenue of TRON in Q3 2024 came to $566 million, outperforming Ethereum and Bitcoin in transaction-based income. The network continues to be supported by its low fee per transaction and widespread usage within the DeFi and stablecoin space.

However, despite the high network activity, the price of TRON’s native token, TRX dropped by around 9.22% over the last week and is currently changing hands at $0.2230 with a market cap of $21 billion.