Tron Network fees have witnessed a substantial surge. In the past 30 days, Tron brought in $53.16 million in fees, the highest among all blockchains, according to data shared by Satoshi Club.
Ethereum, Bitcoin lags behind
As per the data, Tron exceeded all other blockchain’s revenues over the last 30 days, generating $53.16 million in fees. This robust performance in fees, can be reflected in Tron’s native token (TRX)’s price, which displayed resilience during the same period. The rise in the network’s fees is majorly fueled by growing on-chain activity and stablecoin usage. Tron is the second-biggest blockchain for stablecoins, holding a market share of 35.2%.
Solana came the second with $31.7 million in fees generated over the period. Ethereum took the third position with $24.9 million revenue fees. Binance Smart Chain followed with $23.85 million fees. Bitcoin settled on the fifth position with $16.09 million fees.
Why Tron gains popularity
The record above makes TRON one of the busiest blockchains in terms of fee generation and user numbers. The network has made over $1.36 billion in fees over the past six months, making it among the leading Layer-1 blockchains, ahead of the likes of Ethereum, Solana, Binance Chain, and Bitcoin. The surge in network fees is accompanied by substantial increases in daily and monthly active addresses on Tron. Currently, Tron boasts 3.25 million daily active users and 56.31 million monthly users interacting with various products on the network.
TRON’s popularity in emerging markets has pushed it to become a network broadly used to transfer stablecoins and tokens. Market analysis shows that Tron’s rapid transactions and low fees are attracting customers in emerging markets like Argentina, Nigeria, and others. In these markets, people are using stablecoins to preserve purchasing power and safeguard their assets from local currencies’ volatility.
Tron is also seeing a substantial boost in its TVL, currently carrying $4.72 billion in value locked. This growth showcases its rising ecosystem and commitment to advancing its DeFi offerings, making it a strong contender in the blockchain landscape.
