Blockchain networks made significant revenues through transaction fees last week, with Tron leading the way, followed by Solana, Ethereum, and others, according to data released by Nansen today. Such analysis is always important as it provides a deep understanding of networks’ value and potential.
Tron leads fee revenue this week
The latest data released today by Nansen revealed that TRON earned the highest fees among all blockchains last week, generating a weekly total of $13.3 million from gas fees. This is an incredible milestone, highlighting the growing activity, adoption, and utility of the Tron blockchain.
Solana, which was at the top during the previous week, is now the second highest-earning chain and generated $9.68 million in fees this week.
These figures mean that fees paid by customers on Tron exceeded those paid by customers on Solana in the past seven days. Users paid $13.3 million in transaction fees on Tron, compared with the $9.68 million paid by users on Solana. This is proof that TRON is experiencing much more demand than other blockchain networks. It indicates that users are significantly paying for services that TRON offers, showing the network’s demand and usefulness.
Moving down, Ethereum, which has held dominance in this sector for a long time, is now in the third position whose weekly fee earnings stood at $8.73 million.
Next was Bitcoin, which generated a revenue of $5.08 million through gas fees in the last seven days. Fifth on the list is BNB Chain, which made a revenue worth $3.24 million from transaction fees.
Top 5 strong digital assets
Most traders often think about profitable tokens, not about blockchain platforms that host them. Understanding the health or potentiality of various blockchain networks is crucial in crypto investing.
The data shows that these networks are the key players for decentralized applications and Web3. It demonstrated that these networks continue to play a bigger role in areas like finance, business, smart contracts, DeFi, and DApps.
The top five chains have continued generating strong revenue fees, showcasing the capability associated with their digital assets. For those looking for the best long-term investments, cryptocurrencies associated with these networks possess the potential for massive growth than others.
As Bitcoin (BTC) continues to lead the digital asset market as it grows, major altcoins with substantial growth and technological capability include Ethereum (ETH), Solana (SOL), Binance (BNB), and Tron (TRX).
