- The TRON (TRX) network has recently outperformed its major competitors, showcasing remarkable growth.
- This surge can be attributed to a meme coin frenzy on the TRON network, which has significantly boosted its revenues.
- TRON has surpassed Ethereum in revenue over the last 90 days, with data indicating substantial earnings for the network.
Discover how TRON has emerged as a dominant force in the blockchain space, outpacing Ethereum in recent months with impressive revenue figures.
TRON’s Revenue Outperformance Over Ethereum
In the past quarter, TRON has consistently outperformed Ethereum in terms of revenue. According to DefiLlama, TRON generated a revenue of $1.31 million in just 24 hours. Over the same period, TRON’s total fee income reached approximately $435 million, whereas Ethereum’s revenue was around $364 million.
The Impact of Meme Coin Mania
The unexpected boom in meme coins on the TRON network has played a significant role in this financial upswing. Investors in TRON-based meme coins experienced returns of up to 100 times their initial investments in a short duration.
Insight from Justin Sun
Justin Sun, the founder of TRON, highlighted the network’s stellar performance over the last 30 days, noting that TRON’s revenue exceeded Ethereum’s protocol income by 50%. He predicts that if this trend continues, TRON’s protocol earnings could surpass $2 billion by 2024, potentially making it the world’s most profitable blockchain network.
Massive Transactions on TRON Network
The TRON network’s capacity for significant transaction volumes is evident from the USDT payments conducted over it. In the second quarter of 2024, TRON processed transactions worth $1.25 trillion, equivalent to nearly one-third of Visa’s total transaction volume.
Conclusion
TRON has demonstrated remarkable growth and revenue generation, outstripping Ethereum notably over recent months. With continued momentum, TRON could foreseeably reach new heights in the blockchain sector, making it a network to watch closely in the coming year.
