Tron has outpaced Ethereum in generating revenue, recording $1.42 million over the past 24 hours, outstripping Ethereum’s $844,276 according to recent DefiLlama data. This performance continues despite Ethereum experiencing a significant influx of $2.2 billion following the launch of spot Ether exchange-traded funds (ETFs) in the U.S. Tron’s total seven-day revenue reached $8.67 million, claiming the top spot over Ethereum’s $8.08 million.

The comparison also extends beyond Ethereum, with Solana taking third place. Although Solana surpassed Ethereum’s daily revenue, it fell behind on a weekly basis, collecting $6.38 million compared to Tron’s higher figures. Ethereum still leads in the 30-day revenue chart with $52.48 million, followed by Tron’s $40.2 million.

Tron’s innovation continues with its development of a gas-free stablecoin designed for free peer-to-peer transfers on both the Tron and Ethereum networks, as announced by Tron founder Justin Sun. This move, aimed for late 2024, represents a significant stride towards reducing transaction costs and enhancing blockchain utility.