TRX price remained stable on Tuesday, January 2, even as the Tron network continued to outperform ethereum in revenue.
tron (TRX), the cryptocurrency founded by Justin Sun, was trading at $0.2691, slightly above its December low of $0.2237.
Third-party data shows that Tron has surpassed ethereum in terms of fees as network activity continues to increase. According Token terminalTron has generated more than $54 million in fees this year, making it the second most profitable token after Tether (USDT). ethereum (eth), which has long dominated in terms of fees, has earned only $37 million.
This pattern is a continuation of a trend that began in late 2024, when Tron's network fees increased. Over the past 180 days, Tron's fees amounted to $1.8 billion, significantly more than ethereum's $822 million over the same period.
The Tron network has benefited from the SunPump release meme coin generator. According CoinGeckoThere are hundreds of SunPump tokens, which have a market cap of over $152 million. The biggest ones are Sundog, Tron Bull and Tron Bull Coin.
Tron is also thriving in the stablecoin sector. According TronScanThe network handled stablecoin transactions worth more than $108 billion on Monday, with the number of transfers reaching 2.15 million. The number of Tether holders on Tron has now exceeded 58.9 million.
Tron's on-chain metrics remain notable. The network ranks as one of the most deflationary tokens in the crypto industry, having burned over 8.3 million tokens on Monday. This reduces the total supply to 86.19 billion, compared to 88.3 billion tokens a year ago.
<img loading="lazy" decoding="async" width="1746" height="1013" src="https://crypto.news/app/uploads/2025/01/Tron-Supply.jpeg” alt=”Tron Supply Table”/>
Tron stakers benefit when fees increase at a time when the number of tokens decreases. Its staking yield is 4.53%, higher than ethereum and Binance Coin (BNB).
tron price analysis
<img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2025/01/TRX-Price.png” alt=”tron price chart”/>
The weekly chart shows that TRX has risen for three consecutive weeks as investors looked to buy the dip.
It remains above the key resistance level of $0.1842, which was its previous all-time high. The token is also trading above an ascending trend line connecting the lowest levels since November 2022.
Tron is above the 50-week moving average, while the MACD and the Relative Strength Index are pointing up. Therefore, the TRX token is likely to continue its uptrend as buyers target the $0.40 psychological resistance level. However, the bullish outlook would be invalidated if the price falls below the $0.1842 support.
