Tron network surpasses Ethereum in revenue over the past 90 days

According to recent data from Token Terminal, the Tron network has surpassed ethereum in terms of revenue generation.

Over the past 90 days, the blockchain network has accumulated approximately $435 million in fees, surpassing ethereum’s $364 million.

Tron's revenue surpasses ethereum's by 50%

Tron founder Justin Sun took to x on August 15 to highlight this achievement, stating that in the past 30 days, Tron’s protocol revenue has outpaced ethereum’s by 50%.

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In the last 30 days, according to twitter.com/tokenterminal?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>@token terminalTRON protocol revenue has surpassed ethereum protocol revenue by 50%. If this trend continues, TRON protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on the planet. photo.twitter.com/kbzjU5zM5O

— HE Justin Sun Sun Yuchen (@justinsuntron) twitter.com/justinsuntron/status/1824082766583218391?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>August 15, 2024

He also projected that if the current trend continues, Tron protocol revenue could surpass $2 billion by the end of 2024, making it “the most profitable blockchain on Earth.”

In response to a query for his original post, Sun x.com/justinsuntron/status/1824085162000535600″ data-wpel-link=”external” target=”_blank”>rinse that 100% of its income is distributed among TRX holders.

In addition to this revenue growth, the network recorded $1.25 trillion in USDT settlement volumes in Q2 2024. According to Token Terminal, this represents almost a third of Visa’s annual settlement figures.

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USDT in twitter.com/trondao?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>@trondao = 1/3 of twitter.com/Visa?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>@Visaannual settlement volume.

In Q2 2020, USDT on TRON had a liquidation volume of $25.2 billion.

In the second quarter of 2024, that same figure was $1.25 trillion.

image.twitter.com/adicMrxvjg

— Token terminal (@tokenterminal) twitter.com/tokenterminal/status/1823074373248417891?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>August 12, 2024

An important factor contributing to Tron’s revenue growth is its dominance in the stablecoin market, particularly Tether (USDT). Currently, half of all USDT in circulation is trading on the network.

Since USDT accounts for approximately 70% of the entire stablecoin market, this concentration is a major revenue driver for the market.

Upcoming innovations

Meanwhile, Tron will introduce a new feature by the end of the year that could further boost its position in the market. The network is x.com/justinsuntron/status/1809579898136326509″ data-wpel-link=”external” target=”_blank”>development a solution that will allow users to pay transaction fees with stablecoins, such as USDT, eliminating the need to hold TRX for transfers.

Sun believes this will happen x.com/justinsuntron/status/1809579898136326509″ data-wpel-link=”external” target=”_blank”>simplify blockchain transactions, particularly for large enterprises, and could drive broader adoption of blockchain technology.

This feature is expected to launch first on the Tron network, with plans to expand to ethereum and other ethereum Virtual Machine (EVM)-compatible chains.

Despite Tron's revenue figures, the network faces challenges in other key metrics. According to data According to DefiLlama, the blockchain platform’s total value locked (TVL) fell to a six-month low of approximately USD 7.6 billion in June 2024.

While there was a moderate recovery in July, when the TVL rose to $8.7 billion, it has since returned to around $7.4 billion.

Interestingly, this decline in TVL coincided with a significant increase in the price of TRX, which saw a gain of 9.5% in June 2024.

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