Tron network revenue increased significantly to $329.57 million in December, a 39.74% increase from the last 30 days. Comparatively, revenue grew 115.73% year-on-year to hit $2.12 billion in 2024.
The growth puts Tron in the ranks of the most profitable networks in the cryptocurrency space. Its easy-to-use nature and cost-effectiveness have attracted both users and developers.
Tron network relies on decentralized applications for growth
The Tron network has a very active memecoin platform, Sunpump. The platform was a major contributor to Tron’s revenue growth. Since its launch, it has raised $8.4 million.
In the decentralized applications (dApps) space, Tron has excelled, particularly within the DeFi and gaming sectors. Its affordability, high throughput, and user-centric approach have boosted its appeal, driving substantial traffic to the blockchain.
Moreover, Tron has dominated the stablecoin market as the second largest player, accounting for over 34% of the market, with approximately $58.56 billion. The network has a loyal and vibrant community held together by its staking program, which rewards users for participating in network validation and governance.
Tron revenue came second to Ethereum
2024 turned out to be an exceptional year for Tron. Among the top blockchains, only Ethereum eventually ranked higher than Justin Sun’s network. Solana came third in the rankings. At one point during Q3 of 2024, Tron outperformed Ethereum by nearly half.
Tron’s growth has been consistent in 2024. The last two quarters have seen the blockchain gain more revenue. The network seems to be gaining many positive patterns, which indicates that by 2025, it may end up breaking several ceilings.
Amid the prevailing market optimism driving Bitcoin’s price surge, Tron has notably outperformed major assets like Ethereum, which recorded only an 11% increase during the same period.
However, with crypto market volatility, Tron’s future performance remains uncertain. Also, other networks will try to rise to the top, leaving no room for laxity. The crypto regulation environment could also cause trouble for Tron, but that remains to be seen.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
