According to ChainCatcher, Cryptodnes reported that Tron's revenue in the third quarter of 2024 reached $566 million, surpassing major competitors such as Ethereum, Solana and Bitcoin. This is a 43% increase from the previous quarter, and revenue in the past year may reach $1.66 billion, a year-on-year increase of 113%.
Tron’s growth is mainly attributed to its stablecoin activity and the growing meme coin market. Tron holds a 34.8% share of the stablecoin market, supplying $59.8 billion in stablecoins, mainly USDT. Tron’s low fees and fast transactions are popular in emerging markets, especially in Nigeria and Argentina.
Additionally, the launch of SunPump boosted its network activity, with daily transactions exceeding 8 million.
