TRON Monthly Revenue Surpasses Ethereum and Solana Combined Amid Network Valuation Gaps
Monthly fee data shows TRON earning more than Solana and Ethereum combined, while holding a market valuation below both networks.
TRON brought in $23.4 million in transaction fee revenue over a 30-day period ending October 20, 2026, outpacing Ethereum's $6.3 million and Solana's $3.4 million combined, according to DefiLlama figures. However, TRON's $31.5 billion market cap remains roughly half of Solana's $63 billion valuation and far below Ethereum's $301 billion.
The article notes that blockchain revenue reflects transaction fees paid by users, but highlights that a single month of data does not indicate long-term trends. During the same period, price declines in Solana (-10.2% to $107) and Ethereum (-11.6% to $2,466) contributed to reduced on-chain trading and suppressed fee generation on those chains.
In addition, TRON's fee volume is predominantly driven by USDT transfers. Stablecoins account for about $95 billion on TRON, with Tether comprising 97.8% of that volume. Because most users acquire TRX solely to pay minimal network fees before exiting, network usage does not necessarily translate into sustained demand for the underlying asset.
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