TRON has emerged as the highest revenue-generating blockchain last week, surpassing Ethereum, Solana, and Bitcoin. This achievement is attributed to its strong stablecoin business and burgeoning memecoin market.
Blockchain Revenue Last Week
Last week, TRON achieved a staggering $12.9 million in fees, increasing by 1.4%. In comparison, Ethereum and Solana made $6.87 million and $6.7 million, respectively, with significant drops of 23% and 6.9%. Predominantly, Bitcoin recorded a dramatic 45% loss of fee income, making only $3.03 million.
User Engagement on TRON
TRON also maintained high user engagement, with over 6.19 million active addresses and 60 million transactions, marking a 3.2% increase. The network continues to be supported by its low fee per transaction and widespread usage within the DeFi and stablecoin space.
Impact on TRX and Other Blockchains
While its native token, TRX, has performed exceptionally well in terms of network activity, it has dropped by around 9.22% over the last week. The TRX is currently at $0.2230 with a market cap of $21 billion. Bitcoin also registered a decline of 7.5% in active addresses, reflecting lowered on-chain action.
The increase in TRON’s revenue is attributed to its successful operation in the stablecoin and DeFi sectors. This demonstrates that low fees and increased user engagement are key to its success in the competitive blockchain market.
