Tron Revenue Hits $2.12 Billion By 2024: Ethereum, Solana Trail Behind

The price of Tron (TRX) hit an all-time high of $0.44 in the first week of December 2024, breaking previous records amid a crypto-wide bull run that gained momentum after the presidential victory of donald trump TRX’s return to the 10th position by market cap has brought a sense of revival to the community, but its price continues to struggle, down more than 43% from its recent peak and stuck around the of $0.25 for almost two weeks.

Despite this, Tron’s monthly revenue has been steadily increasing.

Tron tops the revenue ranking

According to the latest findings from Lookonchain, the Tron network has seen a significant increase in revenue over the past 30 days, reaching approximately $330 million, a 39.7% increase compared to the previous month. As a result, revenue increased to $764.11 million over the past 90 days.

In the third quarter of 2024, Tron reported a significant increase in revenue that can be attributed to the rapid success of SunPump, its token launch platform adapted for meme coins. SunPump gained momentum starting on August 16th, with activity skyrocketing in the following two weeks.

Breaking down, this growth has contributed to a more than 115% year-over-year increase in total network revenue by 2024, which now stands at $2.12 billion. This is further validated by CryptoDep data, which shows Tron topping the blockchain revenue charts for the year 2024. This put Tron ahead of Ethereum, which is trailing behind with $2 billion in income

Meanwhile, Solana, despite its impressive 3,028% growth trend and $90.9 billion market cap, remains far behind Tron in revenue generation. Likewise, Base and other emerging blockchains such as Arbitrum at $44.7 million and Optimism at $37.9 million are far behind.

A Bullish Investment for TRX?

However, the cryptocurrency market as a whole turned bearish after Christmas, and TRX suffered significant losses. The holiday season has been a lull for crypto, but it could soon find a local fund.7

Resistance zones are forecast at $0.40 and $0.49. Speculations about recent initiatives by asset manager Grayscale and Tron founder Justin Sun have fueled community interest.

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