Ethereum's revenue has seen a sharp decline, with other blockchains and apps, including Solana and Telegram bots, surpassing it.
Ethereum Crisis
According to DeFiLlama's data, Ethereum's revenue has significantly decreased, now ranking only 17th among blockchains. In the first week of January, its earnings dropped by 29.1% to $21 million, followed by a 7.2% decrease to $19 million in the second week. There was a sharp increase of 123.7% to $43.6 million in the third week, after which it plummeted 74.1% to $11.3 million in the fourth week.
Solana and Tron's Ranking
DeFiLlama confirms that Solana and Tron are outperforming Ethereum in earnings. Solana made $3.02 million over the last day. Meanwhile, Tron earned $1.83 million in the same period. Both blockchains continue to generate higher revenues thanks to their applications.
Solana's App Revolution
Solana-based applications continue to outperform their Ethereum counterparts, generating higher revenue despite Ethereum's use of layer 2 solutions. Solana's revenue growth is attributed to an increase in memecoin trading and the tokenization of assets by companies like Apollo Global Management.
The change in blockchain revenue structures affects their competitiveness and attractiveness for new app developers. Solana clearly demonstrates the importance of innovation in this field.
