According to reports, Solana led all Layer 1 blockchains last quarter with $735 million in on-chain revenue, mainly driven by institutional payments and derivatives trading. TRON and BNB Chain followed closely, with revenues of $480 million and approximately $270 million, respectively. Although Ethereum accounts for 58% of the total DeFi locked value (TVL), its revenue is only $267 million, ranking fourth. The reason is that fee compression from Layer 2 rollup transactions has impacted its underlying earnings. Solana's main revenue drivers include companies like SoFi adopting Solana for payments, on-chain derivatives trading on Hyperliquid, and new transaction fees from TRON.

SOL-1,49%
TRX0,54%
BNB0,42%
ETH0,01%
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