Tron Overtakes Sky Lending In 24-Hour Fees

Tron generated $999,242 in fees over the past 24 hours, overtaking Sky Lending’s $934,279 as stablecoin transfers and other network activity kept demand elevated.

The latest DeFi fee ranking placed Tron ahead of Sky, Aave and Polymarket, while Tether, Circle, Uniswap and Hyperliquid remained among the largest fee generators across crypto.

Tron’s figure covers gas paid by users to process transfers and smart contract transactions. The network recorded 12.19 million transactions and 3.93 million active addresses during the same period, with decentralized exchanges handling $35.3 million in volume.

Chain revenue also reached $999,242, while applications built on Tron generated another $306,568 in fees. CatFee collected about $134,000, followed by JustLend at $73,731 and TRONSAVE near $55,000.

USDT Supply Supports Network Demand

Tron held $91.63 billion in stablecoins, with USDT accounting for 97.78% of the total. Stablecoin supply increased 2.43% over seven days while the network maintained $4.72 billion in DeFi liquidity.

Tether recently minted another $1 billion in USDT on Tron, adding to the liquidity available for exchange transfers, payments and over-the-counter settlement.

Tron’s fee performance has recovered after a 2025 governance change cut the unit price of energy by 60%. Average transaction costs fell sharply following the adjustment, pulling monthly fee revenue from $399 million before the cut to $183 million in December.

The network still expanded its stablecoin and DeFi footprint during that period. JustLend deposits increased while SunSwap maintained billions of dollars in monthly wrapped TRX trading, supporting Tron’s broader network recovery.

Sky Retains Lead Over Longer Periods

Sky’s fees came from stability charges on DAI and USDS borrowing, collateral liquidation income and Peg Stability Module conversions.

The protocol retained $457,917 as revenue over the latest 24 hours, with $36,132 reaching token holders. Total value locked stood at $5.86 billion, above Tron’s chain-level DeFi total.

Sky remains part of the group of onchain applications being evaluated through fees and retained revenue, alongside HYPE, PUMP, AAVE and other assets included in a recent onchain revenue ranking.