Türkçe
Español
According to data from Token Terminal, the Tron network has surpassed the Ethereum network’s revenues in the last 90 days, accumulating approximately $435 million in fees compared to Ethereum’s roughly $364 million. Tron founder Justin Sun highlighted the blockchain network’s 30-day revenue performance, which exceeded Ethereum’s protocol revenue by 50%.
What’s Happening in the Tron Network?
Justin Sun later provided a forward-looking guide for Tron and stated:
“If this trend continues, TRON’s protocol revenue could even exceed $2 billion this year, making it the world’s most profitable blockchain.”
Tether payments on the Tron network rose to about 1/3 of payment giant Visa’s total payment volume for the second business quarter of 2024, reaching a total transaction payment volume of $1.25 trillion on the Tron network.
Justin Sun announced that the Tron team is working to introduce a fee-free stablecoin for the Tron and Ethereum networks in July 2024, with plans to distribute the stablecoin to other Ethereum Virtual Machine (EVM) blockchain network ecosystems in the future.
This will allow users on these networks to send stablecoins on a peer-to-peer basis without paying network fees, significantly increasing the applicability of these products for small payments, institutional settlements, and cross-border remittances. In 2024, Tron became the second-largest blockchain network for stablecoin transfers by dollar value, second only to the Solana network.
Details on the Subject
Despite Tron’s impressive revenue figures and stablecoin innovation, the network lags in certain metrics. According to DeFi Llama data, Tron’s total value locked (TVL) fell to a six-month low of approximately $7.6 billion in June 2024.
Tron’s total value locked moderately increased in July, reaching around $8.7 billion but fell back to approximately $7.6 billion in August and remains around this level at the time of writing. Interestingly, the decline in TVL was accompanied by a significant increase in the TRX price, which recorded a 9.5% gain for June 2024.
