TRON network saw a significant increase in revenue in August, while Ethereum experienced a decrease. Data indicates that TRON’s monthly revenue rose by 46.5%, from $41.9 million in July to $61.4 million in August. This places TRON just behind Ethereum, which recorded $62.6 million in revenue for the same month.

TRON’s gas revenue grew by 46.54% in August. In comparison, Binance Smart Chain (BSC) saw a 6.63% increase in gas revenue. However, Ethereum’s gas revenue fell by 33.44%, Solana’s by 48.51%, and Bitcoin’s by 16.85%.

Ethereum’s revenue dropped 33% from its July figure of $94 million. Notably, TRON’s daily revenue hit an all-time high of $5.33 million on August 22, surpassing Ethereum. This milestone was reached after the TRON-based meme coin platform SunPump gained significant attention from investors and traders.

Ethereum’s revenue dropped 33% from its July figure of $94 million.

Solana secured the third spot with a monthly revenue of $25.6 million, which is almost half of its July revenue of $49.8 million. Bitcoin also saw a 16.8% decline in monthly revenue, dropping from $24.9 million in July to $20.7 million in August.

Binance Smart Chain’s monthly revenue increased by 6.6%, rising from $10.5 million in July to $11.2 million in August.

According to recent data, TRX is the only token among the major cryptocurrencies to register a price increase over the past 30 days, marking a 22% rise. In contrast, BTC and ETH declined by 4.4% and 16%, respectively. Binance Coin (BNB) and Solana (SOL) saw drops of 2% and 6.3% over the past month.

For more updates on cryptocurrency trends and market movements, stay tuned to Global Crypto News.

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