[TRON’s third-quarter revenue exceeds BTC, ETH and XRP]
The TRON (TRX) network hit $577 million in revenue in the third quarter of 2024, surpassing Bitcoin and Ethereum to become a major milestone in the crypto market. By comparison, Bitcoin and Ethereum brought in $57 million and $253 million, respectively, during the same period. TRX’s revenue mainly comes from staking (accounting for three-quarters) and token burning, and its dominance in the stablecoin market is also indispensable, accounting for 35% of the global stablecoin market.
In addition, TRX’s monthly handling fees reached US$200 million, and its market value increased by 24%, demonstrating its growth in trading activity and user participation. TRON’s meme coin, Sunpump, also generated $5 million in revenue within its first few months, further expanding TRX’s influence. The TRX Earn plan provides an annual rate of return of up to 4.5%, attracting more users.
As of now, the price of TRX is $0.1596, up 1.3% in the past 24 hours. TRON's continued growth in the stablecoin market and impressive revenue data demonstrate its potential in decentralized finance.
