TRON Leads Blockchain Revenue at $23.41 Million Despite Monthly Decline
Key Facts
TRON topped the blockchain revenue rankings with a monthly total of $23.41 million, according to the DefiLlama table cited by Bitcoin.com in its report on the ranking. The network generated $5.8 million in revenue over the weekly period listed in the table, alongside $554,976 over the daily period. DefiLlama calculates TRON chain revenue based on the value of fees burned in its TRX token. Bitcoin.com said revenue over the thirty-day period fell 4.2% from the previous period, leaving TRON in the lead despite a decline in monthly revenue. In its definition of the metric, DefiLlama described revenue as the "value of TRX fees burned."
In the monthly comparison across chains, Ethereum generated $6.34 million in revenue, according to the DefiLlama table linked to the report on the ranking. Solana recorded revenue of $3.4 million over the same monthly period, while Base generated $2.78 million. For fees, TRON's quarterly report cited a daily average of $7.62 million in the third quarter of 2026. That average fell 4.0% from $7.94 million in the second quarter, according to the report issued by TRON DAO. The quarterly average measures daily network fees, while the revenue ranking reflects the value of token fees burned that DefiLlama uses to calculate TRON chain revenue.
In stablecoin activity, settlements executed on TRON totaled $2.2126 trillion during the third quarter, according to the network's quarterly report. Settlements rose 5.1% from the second quarter, when they totaled $2.106 trillion, according to the report's quarterly comparison. By the end of the third quarter, the combined supply of USDT and USDD on the network reached $93.88 billion, according to TRON DAO. In terms of usage, average monthly active addresses, calculated on a rolling basis, rose to 18 million during the third quarter. That average increased 9.8% from the second quarter, according to the network's results statement covering settlement activity and TRON usage during the period.
TRON's technical documentation links stablecoin transfers to network resource consumption, with these transfers accounting for a large share of daily consumption of both bandwidth and energy. The network's economic model documentation says "stablecoin transfer volume accounts for a large share of daily bandwidth and energy consumption." When smart contracts are executed, available energy resources can cover part of the execution cost, according to the resource model documentation. The remaining cost payable by the contract caller is covered by burning TRX. Available energy resources and token burning thus both form part of the mechanism for paying smart contract execution costs on TRON, according to the rules set out in the network's technical documentation.
In the use of deposit and withdrawal services, the United Arab Emirates accounted for 9.1% of TRON transactions within the sample of Oobit users presented by TRON DAO. That share covers transactions by users included in the sample during the period from March to August, according to the published study on stablecoin usage. In another development concerning access to exposure to the network's token, TRON DAO announced the launch of an exchange-traded fund from Canary Capital. The fund trades under the ticker TRXS and offers exposure to TRX with staking, according to the network's quarterly results statement. The statement gave the fund's launch date as September 9, 2026, adding an exchange-traded investment channel for exposure to TRON's token alongside the network's use in transfers and settlements.
In connecting the network to payment services, Polygon Labs announced the addition of TRON support to the "Open Money Stack" ecosystem, according to the announcement published by TRON DAO. The integration connects fintech companies, remittance firms and payment platforms to banking deposit and withdrawal channels and stablecoins. The announcement includes expanding TRON's access to regulated U.S. payment rails as part of the ecosystem's new support for the network. The announcement described the integration as the first phase of cooperation, with additional assets, markets and payment capabilities expected to become available over time. It said "additional assets, markets and payment capabilities are expected to become available over time," outlining the next steps in expanding services through the integration.