Tron ($TRX) has recently outpaced Ethereum ($ETH) in daily transaction volume, recording up to 7 million transactions daily.
This surge highlights Tron’s growing use in areas such as gaming, entertainment, and decentralized applications (DApps). In comparison, Ethereum handles over 1 million transactions per day, underscoring its widespread application in decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts.
$ETH has over 1 million transactions per day.
This shows its extensive use in DeFi, NFTs, & smart contracts.$TRX however surpasses $ETH with up to 7 million transactions daily.
Highlighting its use cases, like gaming, entertainment & DApps.@intotheblockhttps://t.co/3W0VsbW56f pic.twitter.com/oFzCPEwib3— champagne mami đź’• (@EkponoAkwaowo) July 31, 2024
According to a recent report from Lookonchain, Tron leads the top 10 revenue-generating projects in the cryptocurrency space. Tron generated $1.42 million in revenue within 24 hours and $8.67 million over the past seven days. This impressive performance places Tron at the forefront of revenue generation in the crypto industry.
Solana ($SOL) ranked second in the report, with 24-hour revenue of $940,000 and seven-day revenue of $6.38 million. Despite its robust performance, Solana still trails behind Tron in revenue generation.
Here are the top 10 revenue-generating projects in crypto.#Tron ranked first, with 24-hour revenue of $1.42M and 7-day revenue of $8.67M.#Solana ranked 2nd, with 24-hour revenue of $940K and 7-day revenue of $6.38M. pic.twitter.com/nxpSaXHohK
— Lookonchain (@lookonchain) July 30, 2024
TRON Leads Way In Fee- Generating Protocol In The Space
Further cementing its position, Token Terminal recently reported that Tron is the leading fee-generating protocol in the crypto space, amassing $4.24 million in fees. This significant figure demonstrates Tron’s effectiveness in attracting and maintaining high transaction volumes on its network.
Top 10 most fee generating protocols in crypto:
1. Tron $4.24m
2. Jito $3.19m
3. Lido Finance $2.95m
4. Solana $2.31m
5. Ethereum $1.41m
6. Uniswap $1.18m
7. Aave $1.05m
8. Bitcoin $553.21k
9. BNB Chain $330.46k
10. PancakeSwap $285.81k pic.twitter.com/UwuKD7QPWr— Token Terminal (@tokenterminal) July 29, 2024
The data reflects Tron’s growing dominance and the increasing trust in its network for various applications. Tron’s ability to handle high transaction volumes efficiently and generate substantial revenue positions it as a formidable player in the blockchain ecosystem.
As Tron continues to expand its use cases and improve its infrastructure, it is likely to maintain and possibly increase its lead in transaction volume and revenue generation. This trend highlights the shifting dynamics in the crypto industry, with newer networks like Tron gaining traction and challenging established players like Ethereum.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: winst2014/123RF // Image Effects by Colorcinch
