Tron Network’s gas revenue surged 46.54% in August ahead of other top blockchains.
Analysts use gas revenue to gauge blockchain network activity.
TRX surged 45% in three weeks amid spiking gas revenue figures.
New data from Lookonchain reveals Tron Network’s gas revenue saw a remarkable 46.54% increase in August. Binance Smart Chain (BSC) also saw gains, with gas revenue up 6.63% from July. In contrast, Ethereum, Solana, and Bitcoin experienced declines, with Ethereum dropping 33.44%, Solana falling 48.51%, and Bitcoin decreasing by 16.85%.
The #TronNetwork’s gas revenue saw a 46.54% increase in August.
Compared to July, #BSC's gas revenue also saw a 6.63% increase in August, while gas revenue of #Ethereum dropped 33.44%, #Solana dropped 48.51%, and #Bitcoin dropped 16.85%. pic.twitter.com/HChuiq17uB
— Lookonchain (@lookonchain) September 3, 2024
Gas revenue, the fees paid for blockchain transactions, is a key indicator of network activity and potential adoption. Higher gas revenue, especially with stable transaction costs, suggests more users are active on the blockchain, often linked to new projects or increased interest in the network’s native crypt…
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