Ethereum Transaction Revenue Rises Sharply Following Trump’s Election Victory: Steno Research.

Ethereum Transaction Revenue Climbs Following Trump’s Election Victory, Steno Research Finds

Ethereum’s transaction revenue has experienced a notable increase since Donald Trump’s U.S. election victory, according to a report released by Steno Research on Monday. The surge in transaction activity has led to higher staking rewards and a greater amount of ether (ETH) being burned through transaction fees, the report states.

Steno Research analyst Mads Eberhardt emphasized that this surge in on-chain activity is pivotal for the overall blockchain ecosystem. The combination of rising staking rewards and increased ether burn is strengthening Ethereum’s tokenomics, making ether a more appealing investment.

The report also highlighted that, for the first time in over two years, the amount of USDT on the Ethereum network has overtaken the supply on the Tron blockchain. This shift is a clear indication that on-chain activity is thriving, leading to higher demand for ether to facilitate transactions and boosting the network’s revenue.

In addition, Ethereum’s layer-2 networks, or rollups, have seen an uptick in daily transactions, a trend that Steno expects to continue. Rollups are secondary protocols built on Ethereum that help improve transaction speed and lower costs by processing transactions off the main chain.

While daily fees from rollups are not yet significant, Steno predicts that they could eventually reach $1 million, which would provide a meaningful contribution to Ethereum’s overall economic structure.

Furthermore, Ethereum spot exchange-traded funds (ETFs) in the U.S. saw their largest single-day net inflow on Friday, surpassing Bitcoin ETFs for the first time. This surge in ETF interest signals growing investor confidence in ether and further underscores the positive trends in Ethereum’s ecosystem.