Tron has made more fees than Ethereum this week, drawing in nearly double the revenue even when processing fewer transactions.
Nansen data indicates that the network of Tron raked in $12.3 million in fees compared to $6.69 million for Ethereum. Notably, Ethereum’s fees went up by 89%, while those of Tron increased by a margin of less than 5% since the previous week.
Tron processed approximately 56.7 million transactions, marginally down from the week before. Ethereum, on the flip side, processed around 8.4 million transactions, which was marginally up.
In terms of active users, Tron also took the lead with more than 6.1 million active addresses — a far cry from Ethereum’s 2 million. The two networks each registered minor increases in active users.
Last month, Tron emerged as the most profitable blockchain, generating $51.35 million in fees, which is a 2.9% rise from February.
These figures indicate that Tron is becoming an increasingly go-to option for high-volume, low-cost activity on the blockchain. It’s particularly well used for payments and stablecoin transfers. At the same time, Ethereum still dominates in the DeFi and dApp markets but at a greater cost.
Also Read: TRON Leads Weekly Gains Among Top 10 Cryptocurrencies
