Ethereum’s Revenue Drops to 19th Position as Competition Intensifies

Ethereum’s revenue took a dip recently, ranking 19th in the cryptocurrency market over the past 24 hours according to Deflama data. With just $489,926 generated, it trailed behind leading players like Tron and Solana. Tron dominated the public chain revenue rankings with $1.92 million, followed by Solana at $1.12 million. 📈 This decline in Ethereum’s fees signals a slowdown in on-chain activity. Increased competition from faster and more cost-efficient Layer-1 alternatives might also be contributing to this shift in market dominance.