Bitcoin and Solana Left Behind: Meme Coin Investors Now Prefer These Networks

Different blockchains are making more profits due to the meme coin effect.

The meme coin craze has had serious effects on many blockchains such as Bitcoin, Ethereum, Solana and TRON. The increasing user interest and number of transactions have also increased the transaction fee revenues on these blockchains.

In recent days, the transaction revenue of TRON, the favorite blockchain of meme coin investors, increased by 46.54% in August.

According to the data provided by the on-chain analysis platform Lookonchain, Binance Smart Chain's transaction revenue in August increased by 6.63% compared to July, while Ethereum's revenue decreased by 33.44%, Solana's revenue by 48.51% and Bitcoin's revenue by 16.85%.

It was among the notable points that investors turned to TRON and BSC networks because they were cheaper. In addition, Justin Sun's Pump.fun platform, which competed with Solana, was among the headlines that led to the meme coin craze.