The recent data from DeFiLlama shows that Ethereum's ranking in terms of revenue has dropped to 17th place behind other chains such as Solana and Tron. Ethereum's weekly revenue has seen fluctuations, with a sharp rise followed by a significant drop. The GMGM Telegram bot has generated more revenue in the past seven days than the entire Ethereum base chain. Meanwhile, Tether remains at the top in terms of revenue across different timeframes. Solana continues to outperform Ethereum in revenue generation, even considering Ethereum's layer 2 solutions. The increase in memecoin trading and tokenization of assets on Solana contribute to its revenue growth. Despite having a lower total value locked (TVL) compared to Ethereum, Solana's ability to generate revenue remains unaffected. Ethereum's leading layer 2 solutions, Base and Arbitrum, also have significant TVLs.



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