Ethereum

Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/tron-outpaces-ethereum-in-revenue" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron Outpaces Ethereum in Revenue</a><br></p>
<p style="text-align: justify">Tron (<a href="https://en.bitcoinhaber.net/stablecoin-market-dynamics-ethereum-slips-while-tron-surges" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a>) has recently demonstrated a significant advancement by generating more revenue than Ethereum (ETH), according to DefiLlama <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>. From July 23, Tron accumulated $1.42 million, eclipsing Ethereum’s $844,276 during the same timeframe. This shift occurred post the launch of spot Ethereum ETFs in the US, attracting $2.2 billion in inflows.</p>
<h2 id="how-did-ethereum-perform-in-the-last-30-days">How Did Ethereum Perform in the Last 30 Days?</h2>
<p style="text-align: justify">Despite Tron’s recent gains, Ethereum led the revenue charts over the past month with $52.48 million. Tron secured the second position with $40.2 million, while the Pump.fun platform followed with $25.83 million, surpassing Solana (SOL). Over the last seven days, Tron maintained its edge, earning $8.67 million to Ethereum’s $8.08 million.</p>
<h2 id="what-contributed-to-tron-s-success">What Contributed to Tron’s Success?</h2>
<p style="text-align: justify">Tron’s success is partly attributed to the gasless stablecoin solution revealed by founder Justin Sun on July 6. This solution, financed entirely by stablecoins, allows free peer-to-peer transfers on the Tron Blockchain. Scheduled for integration in Q4 of 2024, it will eventually expand to Ethereum and other EVM-compatible networks.</p>
<h2 id="user-usable-inferences">User-Usable Inferences</h2>
<p style="text-align: justify"><strong>Key Takeaways for Users:</strong></p>
<ul>
 <li>Tron’s gasless stablecoin solution could significantly reduce transaction costs.</li>
 <li>The introduction of spot Ethereum ETFs in the US has not hindered Tron’s revenue generation.</li>
 <li>Despite high revenues, Tron’s TVL and asset concentration in JustLend are potential red flags.</li>
 <li>Investors should monitor the integration of Tron’s stablecoin solution across other networks.</li>
</ul>
<p style="text-align: justify">On the other hand, Tron’s total value of locked assets (TVL) plummeted to $7.5 billion on June 26, the lowest in six months. While <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> seemed to withdraw, TRX’s price surged by 9.5% on June 27, largely due to Sun transferring 173.8 million TRX to Binance. Notably, 75% of Tron’s TVL is within JustLend, whose assets fell by 15% in the last month, casting doubts on Tron’s ecosystem sustainability.</p>
<p style="text-align: justify">In conclusion, while Tron has achieved remarkable revenue milestones, the platform faces challenges, such as declining TVL and asset concentration issues, which may affect its long-term stability and growth.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/tron-outpaces-ethereum-in-revenue" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron Outpaces Ethereum in Revenue</a></h5>

Tron Outpaces Ethereum in Revenue

Table of Contents

BH NEWS

Other articles published on Jul 30, 2024

Solana Price Prediction for Today, July 30 – SOL Technical Analysis

Is the SEC Losing Its Grip? Ripple CEO Blasts Inconsistency Amid Binance Lawsuit Drama

Why Donald Trump Is Betting on Crypto — A Look Into His Current Crypto Portfolio

Analyst Predicts Surge for Solana and Floki

Trust Wallet Announces Partnership With TON Ecosystem

New Memecoin Pepe Eats Solana Will Hit $20 Million Before Exchange Listings, As SHIB and DOGE Und...

Join our free newsletter for daily crypto updates!