Tron (TRX) continues to gain attention in the Blockchain universe with its focus on low transaction costs and high speed. During a period when Ethereum (ETH) struggles with slow transaction speeds and high costs, Tron emerges as a potential “Ethereum Killer.” Recent market trends and Blockchain analyses show that Tron is being seen as a competitor that could challenge Ethereum’s throne.
Tron vs Ethereum
Tron, similar to Ethereum, aims to create a more reliable and sustainable network for content creators. Tron’s most important feature is connecting content creators directly with consumers and eliminating network fees, making content more affordable and accessible. Access NEWSLINKER to get the latest technology news.
Another major advantage of Tron is offering a more efficient alternative by reducing transaction costs and speeding up transaction times. While Ethereum can only handle 30 transactions per second, Tron can increase this number to 2,000. This makes Tron a much faster and more cost-effective option. On the other hand, Tron’s only disadvantage is lagging behind Ethereum in terms of security and decentralization.
Moreover, Tron’s success is not limited to speed and cost. Recent on-chain data shows its increasing impact in the Blockchain world. Tron’s founder Justin Sun announced last week that Tron’s revenue is 50% higher than Ethereum’s revenue.
If this trend continues, Sun predicts that Tron could exceed $2 billion in revenue by the end of 2024. If this scenario plays out, Tron could become one of the most profitable Blockchains.
Tron’s Dominance in the Stablecoin Market
Tron has also made significant strides in the stablecoin market. The largest stablecoin issuer, Tether, minted 33 billion USDT last year, with 19 billion of that amount minted on the Tron Blockchain. This shows that nearly 50% of the USDT supply is on the Tron network, giving it a strong position against Ethereum in this area.
Tron’s recent success has also affected the price of its main network asset, TRX. Although the price of TRX fell by 5.4% to $0.15 in the last 24 hours, it has risen by 17% in the last 7 days. The recent upward price movement reflects increased investor confidence in Tron and a strong growth trend.
