Tron Outpaces Ethereum in Revenue Despite ETH ETF Launch
- WBOYOriginal
- 2024-07-30 21:07:22523browse
Since Bitcoin began its path to recovery and surged over $62,000, the Altcoins quickly followed suit, showing tremendous growth.
Despite the launch of spot ETH ETFs, Tron has surprisingly managed to outpace Ethereum in terms of revenue generation, according to data from DefiLlama. This development has placed Tron as the seventh-largest blockchain when ranked by fees and revenue.
Tron has consistently generated more daily revenue than Ethereum since July 23. In the past 24 hours, Tron has accrued $1.42 million in revenue, while Ethereum has generated $844,276. This trend has also been observed over the past week, with Tron generating $8.67 million compared to Ethereum’s $8.08 million.
Tron’s success in outpacing Ethereum is particularly noteworthy given the anticipation surrounding Ethereum with the launch of spot ETFs. However, Tron has managed to secure a significant portion of the revenue despite these launches.
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