Tron network 2024 revenue soars 115% compared to last year

During 2024, the Tron network’s revenue totaled $2.12 billion. This number has increased by more than 115% compared to the protocol’s revenue in 2023.

Data obtained from the Tron (TRX) Scan site showed that the revenue from users purchasing TRX on the Tron network reached $329.57 million in all of 2024, an increase of 115.73% compared to 2023.

Not only that, the last leg of 2024 saw a nearly 40% increase in revenue for the Tron network in December. According to Lookonchain data, the revenue of the Tron network reached $329.57 million in the last 30 days.

Last 24-hour trading price chart for TRX, December 31, 2024 | Source: crypto.news.

Last year, Tron’s native token TRX also reflected similar growth, rising more than 140.8%. Tron’s token also reached an all-time high this year, trading at $0.43 on December 4, according to crypto.news data.

One day before hitting an all-time high, Tron’s market cap surpassed the $20 billion threshold. The transaction value of the TRX token also doubled during this period, reaching $2.3 billion.

At the time of this writing, TRX is trading at $0.25. The token managed to maintain a market cap of $22.09 billion, along with a 24-hour trading volume of approximately $978 million. Data from DeFi Llama shows that Tron has a total value locked of $7.38 billion.

Although the Tron network has reached many milestones in the past month as we approach the end of the year, it still falls short of breaking into the top 10 protocols ranked by fees. According to data from DeFi Llama, Tron ranks 11th on the leaderboard in terms of revenue, lagging behind major protocols such as Pump.fun, Lido, PancakeSwap, Ethereum, and Solana.

Meanwhile, Tether remains the number one protocol with $5.25 billion in revenue, followed by Circle and Uniswap.