Ethereum

2024

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Generation

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Tron Surpasses Ethereum in Revenue Generation</a> 
Recently, Tron (<a href="https://en.coin-turk.com/tron-shapes-the-internet-with-blockchain-technology/" data-wpel-link="internal">TRX</a>) has shown a remarkable performance by surpassing the altcoin king Ethereum (ETH) in revenue generation. According to data provided by DefiLlama, since July 23, Tron has generated $1.42 million in revenue, while Ethereum’s revenue during the same period remained at $844,276. Ethereum’s lag behind Tron occurred especially after the launch of spot Ethereum ETFs in the US, which saw an inflow of $2.2 billion. 
<h2 style="text-align: justify" id="strong-ethereum-leads-in-30-day-data-strong">Ethereum Leads in 30-Day Data</h2> 
Tron continued this success over the past seven days, generating a total of $8.67 million in revenue. During the same period, Ethereum‘s revenue remained at $8.08 million. Solana (SOL) took the third spot in revenue rankings, generating $940,009 in just 24 hours, but its total seven-day revenue of $6.38 million lagged behind Ethereum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-375318" src="https://coin-turk.com/wp-content/uploads/2024/07/Tron-Ethereum-Altcoin.png" alt="" width="1420" height="538"> 
When examining the data for the last 30 days, Ethereum is seen to have achieved the highest revenue with $52.48 million. Tron ranked second with $40.2 million during this period, while the Pump.fun platform came in third with $25.83 million, surpassing Solana. 
One of the reasons behind Tron’s success is the gasless stablecoin solution announced by its founder Justin Sun on July 6. Sun stated that this solution would be entirely financed by stablecoins and used for free peer-to-peer transfers on the Tron Blockchain. This solution is planned to be integrated into Tron in the fourth quarter of 2024 and subsequently implemented on Ethereum and other Ethereum Virtual Machine-compatible public Blockchain networks. 
<h2 style="text-align: justify" id="strong-tvl-at-lowest-level-in-six-months-strong">TVL at Lowest Level in Six Months</h2> 
On the other hand, the total value of locked assets (TVL) on the Tron network fell to $7.5 billion on June 26, marking the lowest level in the past six months. Although this indicates that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are withdrawing from the ecosystem, it’s worth noting that TRX‘s price saw a 9.5% increase on June 27, drawing all attention, and Sun transferred 173.8 million TRX to the Binance exchange. 
Another important detail is that 75% of Tron’s TVL is concentrated in a single decentralized <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener" data-wpel-link="exclude">application</a>, JustLend, and the assets held in the application decreased by 15% over the last 30 days. This situation may raise some questions about the sustainability of the Tron ecosystem. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Tron Surpasses Ethereum in Revenue Generation</a></h5>
The post <a href="https://en.coin-turk.com/tron-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Tron Surpasses Ethereum in Revenue Generation</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Tron Surpasses Ethereum in Revenue Generation

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