Tron’s dominance is driven by stablecoin activity, particularly Tether’s USDT 📈
According to the latest 30-day revenue data from DefiLlama, Tron has emerged as the highest-earning blockchain network, pulling in $35.4 million in protocol revenue. This figure is nearly four times that of Ethereum, which ranks second with $9.1 million. The significant revenue generated by Tron is largely driven by stablecoin activity, particularly Tether's USDT.
Following Tron and Ethereum in blockchain revenue standings, Base secured the third position with earnings of $8.37 million. In the fourth position, Binance Smart Chain (BSC) achieved revenue of $3.81 million, closely followed by Solana, which recorded $3.74 million in revenue. This data highlights the significant impact of stablecoin transactions on Tron's dominance.