RON has, for the first time, processed more revenue from its users than Ethereum. During a single day last week, DefiLlama, a well-known blockchain data tracker, revealed that TRON earned $1.42 million while Ethereum made $844,276. The transaction value may mean more individuals and other processes invested in the TRON blockchain this week.
What Factors Led to TRON's Revenue Surge?
Several factors might have helped TRON gather more revenue during last week. On July 6th, TRON’s developer, Justin Sun, announced that it would launch a new instant stablecoin, which he believes would eliminate the transaction cost because the stablecoin is all-inclusive. This information was suspected to induce a high number of transactions.
Does the Revenue Data Suggest a Long-Term Trend?
Shorter-term comparisons like the one-day data above put TRON ahead of Ethereum, but longer-term realized rates may provide more context. For the past seven days, TRON brought in $8.66 million vs Ethereum's $8.08 million.
But Ethereum is still leading in the past 30 days with $52.48 million worth over TRON's accounting to just $40.19 million. We can conclude from this that Ethereum is the clear leader in terms of network activity and revenues, with TRON experiencing market share gains at least temporarily.
