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HomeNewsIs Tron the New King of Crypto? Surpassing Ethereum’s Revenue by Millions!

Is Tron the New King of Crypto? Surpassing Ethereum’s Revenue by Millions!

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  • Daily financial figures show Tron generated $10.5 million in revenue from $197.8 million in trading volume.
  • Tron develops technology for fee-free stablecoin transfers across EVM-compatible blockchains, enhancing cryptocurrency utility.

Recent data reveals that Tron’s network has surpassed Ethereum in terms of financial metrics, achieving $435 million in recorded fees, while Ethereum has seen $364 million.

This growth in Tron’s financial activity reflects broader trends in the cryptocurrency sector, particularly in the last quarter, marked by intense market fluctuations. 

Analysts from Token Terminal, as cited by EthNews, predict that Tron’s network could generate up to $2 billion in revenue by 2024.

Source: Token Terminal

The increase in Tron’s utilization can be attributed to a heightened preference for it within the stablecoin community.

Over the previous three months, the network has consistently outperformed Ethereum in handling transactions. This shift highlights a growing confidence in Tron’s platform for facilitating stablecoin exchanges.

Justin Sun, emphasized the recent achievements, stating that Tron’s revenue has exceeded that of Ethereum by 50% in the past month alone. 

He further suggested that, should this trend continue, Tron could set a new standard for profitability in blockchain technology by the end of this year. The statement is supported by substantial activity on the network, indicating robust institutional and individual engagement.

Source: DefiLlama

In terms of daily operations, Tron reported generating $10.5 million in revenue from $197.8 million in trading volume just in the last 24 hours.

These figures underscore the network’s role in crypto finance, especially in processing transactions for Tether (USDT), which now parallels one-third of Visa’s payment volume with a total of $1.25 trillion handled through the network.

Source: Defillama

Tron is also advancing its technology to support broader stablecoin utility across other blockchain ecosystems that are compatible with Ethereum Virtual Machine (EVM). This development is poised to facilitate seamless, fee-free transfers of stablecoins, potentially increasing their use and applicability.

Despite these positive indicators of network usage and financial gain, Tron’s Total Value Locked (TVL) has seen a decrease from $10.3 billion to $7.5 billion.

Furthermore, the trading volume and market capitalization of Tron’s token, TRX, have slightly declined, with current prices reflecting a marginal decrease. 

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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