 ▲ Tron (TRX) / AI-generated image |
Tron (TRX) has surpassed Solana (SOL) in weekly fee revenue, reshaping the revenue structure of the Layer 1 blockchain market and demonstrating explosive ecosystem growth.
According to crypto media outlet U.Today on February 17 (local time), Tron recorded a total of $10.15 million in transaction fee revenue over the past week, overtaking Solana to rank second in fee revenue. During the same period, Solana generated $9.74 million in fees. Ethereum (ETH) maintained its overwhelming lead, posting more than $40 million in revenue.
The Tron ecosystem, led by founder Justin Sun, has shown particular strength in stablecoin transactions, generating steady fee revenue. The growing share of Tether (USDT) circulating on the Tron network, along with its increased use as a payment and remittance tool, is cited as a key factor behind this revenue shift. While Solana experienced high activity fueled by a memecoin trading boom, Tron has absorbed demand for substantive financial transactions, sustaining more fundamental growth.
Competition for fee revenue among Layer 1 blockchains is considered a key indicator of a network’s economic value and sustainability. Tron’s leap ahead of Solana signals more than just a numerical change; it suggests a shift in users’ criteria for choosing networks. Armed with stable gas fees and fast transaction speeds, Tron is accelerating the influx of institutional and retail users, laying the groundwork to narrow the gap with Ethereum.
Virtual asset market experts predict that Tron’s increase in fee revenue, combined with its burn mechanism, could drive an appreciation in TRX’s value. Sun has implemented a structure in which more tokens are burned as network activity intensifies, making the recent expansion in fee revenue likely to lead to a reduction in token supply. Solana is also improving network efficiency through upgrades, suggesting that competition between the two networks for the second spot will intensify.
Among various indicators of network activity, fee revenue serves as one of the strongest measures of a blockchain’s real profitability. Backed by abundant stablecoin liquidity, Tron is expanding its ecosystem influence and promoting diversification through support for various decentralized application (dApp) developments. In a Layer 1 market led by Ethereum, the advances of Tron and Solana are viewed as positive signals that foster technological innovation and competition across the broader blockchain industry.
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