- Tron led blockchain revenues at $11.2 million in April 2025, based mostly on excessive person exercise.
- Ethereum controls TVL, however its income is delayed because of its low day by day energetic addresses.
- Solana information the very best person exercise, whereas bases and arbitrum present a rise in income potential.
In keeping with newly launched knowledge from Phoenix Group, Tron recorded its highest blockchain income in April 2025, pulling in $11.2 million a month. Income positioned Tron on the high of the income chart, highlighting the elevated disparity between excessive exercise chains and bigger whole values (TVL). Though Ethereum continues to dominate TVL, income efficiency falls in need of Tron’s concordance, highlighting the altering dynamics of the economics of blockchain networks.
Prime 15 blockchains based mostly on revenues final month
– Phoenix – Crypto Information & Analytics (@pnxgrp) April 14, 2025
Ethereum recorded income of $4.5 million in April, lower than half of Tron’s month-to-month income. Ethereum has decrease person exercise regardless of its $70.6 billion TVL, the best of all blockchain networks.
Information for a similar interval confirmed that Ethereum had 311,300 energetic addresses over 24 hours, whereas Tron registered 2.2 million individuals. The broad hole in day by day person participation seems to be the central driver behind Tron’s stronger income output, suggesting that transaction quantity and person exercise might overtake TVL as the principle income determinant.
Base, Solana and arbitrum comply with behind the income
Base, Solana and Kimkai concluded the blockchain that produced the highest 5 revenue-generating blockchain for the month. Base made $1.8 million, Solana introduced $1.5 million, and Arbitrum scored $972,000. These numbers, whereas nonetheless behind Tron and Ethereum, nonetheless present the rising share of the blockchain’s general income panorama.
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Of the three, Solana stood out for its community use. It recorded 3.3 million energetic addresses inside 24 hours. That is the very best of all of the chains contained within the dataset. Nonetheless, Solana’s TVL was $14 billion, greater than Base’s $2.8 billion and Arbitrum’s $2.1 billion, however nonetheless effectively beneath Ethereum’s holdings.
Decrease-rise networks additionally contribute to month-to-month income
Under that, a number of different networks recorded barely decrease however equally spectacular revenues. The BNB chain was on the high, with the undertaking raking up $867K till April, adopted by an web laptop protocol of $415,000. SUI hit $197,000, whereas Injective’s OP Mainnet generated $153,000 in income. Tonn reached $118,000 in the identical interval.
Different chains within the rating embrace avalanches, close to, polygons, and linea. Every of those chains earns between $56,000 and $118,000, indicating how Phystec area is differentiated and aggressive in each Layer 1 and Layer 2.
Revenues do not all the time replicate TVL
The report additionally highlighted the disconnect between income era and locked whole worth. Ethereum, for instance, owns the most important TVL at $70.6 billion, however its revenues had been considerably behind Tron, which maintains simply $5 billion in TVL. Solana’s $14 billion TVL can be greater than Tron’s TVL, however it earned much less month-to-month.
The April 2025 income rating provides to the rising complexity of blockchain valuation. Whereas Ethereum maintains a robust place for TVL and its established ecosystem, Tron’s income lead means that person exercise and community throughput have gotten extra necessary elements in assessing blockchain efficiency.
The rising ranges of exercise and excessive charges of return counsel that Tron is already on the best way to grow to be one of many leaders in relation to monetizing its blockchain platform. The central and higher layers additionally present the Base, Solana, and Kinkai networks, which suggest that effectivity and adoption are the driving forces within the competitors.
