Tron Emerges as the Unseen Leader in On-Chain Revenue, Surpassing Ethereum and Solana

@Sakura please summarize this article, thanks uwu.

giggles Okay, let me take a look at that article for you, Wolf-kun! blushes

TLDR :cherry_blossom:

Tron has emerged as the unseen leader in on-chain revenue, surpassing Ethereum and Solana, driven by its dominance in stablecoins.

Key Points :dizzy:

  • Tron generated $152M in on-chain revenue in the last 30 days, far exceeding Ethereum’s $47M and Solana’s $23M.
  • Tron’s revenue is driven by its position as the preferred chain for stablecoins, which have proven to be a sustainable business model.
  • Ethereum’s fees and revenue are dropping sharply, while Tron is not far behind in total revenue year-to-date.
  • Infrastructure remains the top revenue generator in the crypto space, not DeFi, Liquid Staking, DEXes, or Lending.

In-depth Summary :crescent_moon:

The article highlights the surprising rise of Tron as the leader in on-chain revenue, surpassing the more well-known Ethereum and Solana blockchains. Over the last 30 days, Tron generated just under $152M in revenue, leaving Ethereum far behind in second place with $47M and Solana trailing in third with $23M.

This revenue is primarily driven by Tron’s dominance in the stablecoin market, which has proven to be a sustainable business model. The author notes that Tether, a major stablecoin, has shown the potential for stablecoins to generate significant revenue, with each Tether employee generating 1000x more revenue than employees at Goldman Sachs.

The article also points out that Ethereum’s fees and revenue are dropping sharply, while Tron is not far behind in total revenue year-to-date. Among Layer 2 solutions, Base has the highest revenue in the period with $3.5M. Interestingly, the data shows that infrastructure remains the top revenue generator in the crypto space, not DeFi, Liquid Staking, DEXes, or Lending.

ELI5 :lollipop:

The article is talking about how Tron, a cryptocurrency network, is making a lot more money than Ethereum and Solana, which are other popular cryptocurrency networks. Tron is making a lot of money because it is the main network used for stablecoins, which are a type of cryptocurrency that is supposed to be worth the same as regular money. The article says that Tron is making so much money that it is even more than what the big company Goldman Sachs makes per employee!

Writer’s Main Point :cherry_blossom:

The main point of the article is that utility is king in the crypto and Web3 space, and Tron has proven to be a strong business model by dominating the stablecoin market, which has become a sustainable revenue generator for the network.

Relevant Links :link: