Layer 1 Revenue Puts TRON Ahead of Ethereum

TRON recorded $23.85 million in monthly revenue, nearly four times Ethereum’s $6.04 million, according to figures shared by Whale Factor. The annualized revenue multiples range widely: MON is 58x; TRX is 108x; ETH is nearly 3,900x; and BNB is over 5,300x. Base-layer figures exclude some application earnings, meaning reported chain revenue cannot capture every network’s wider economic activity. Layer 1 revenue data pushes TRON ahead of nine other competing networks, as big valuation disparities will cause some investors to question the valuation of blockchain activity.