Tron booked $23.41 million in revenue over the past 30 days, exceeding the combined earnings of nine other blockchain networks, according to onchain analytics tracked by Defillama.
The revenue breakdown shows Tron at the top with $554,976 earned in 24 hours, $5.8 million in 7 days, and $23.41 million over 30 days. Ethereum generated $6.34 million in 30-day revenue, followed by Solana with $3.4 million. Robinhood Chain, Base, Polygon, BSC, Arbitrum, Hyperliquid L1 and Avalanche combined for roughly $21 million in the same period.
Tron's revenue leadership is primarily driven by its stablecoin activity. The network hosts approximately $94.5 billion in stablecoins out of a roughly $302 billion total market, second only to Ethereum's $144 billion. Most of Tron's stablecoin balance consists of Tether's USDT, which reached just over $89 billion on the network by the end of June—representing approximately 47 percent of all USDT in circulation.
The network monetizes payment flows through transaction fees charged in TRX tokens. Stablecoins on Tron are primarily used for exchange withdrawals, remittances, and merchant payments on the base chain, rather than being held in decentralized finance protocols as occurs on Ethereum.
Revenue leadership does not equate to revenue growth. Tron's 30-day revenue declined 4.2 percent from the previous 30-day period, and its 24-hour figure dropped 12.4 percent day over day. By contrast, Ethereum's 30-day revenue rose 117 percent from the prior period, though its most recent seven days saw sharp declines following an earlier spike.
When measured quarterly, Tron's protocol fees for the second quarter reached $89 million, ranking second behind Hyperliquid's $199 million during the same period. Revenue rankings reflect earnings kept by networks themselves rather than fees generated across entire ecosystems—Solana applications, for example, generated $193 million in 30-day revenue at the app layer.
