Justin Sun’s Tron (TRX) Surpasses Visa on This Key Metric

Tron, the cryptocurrency founded by Justin Sun, has surpassed a key metric as it continues to expand its market share.

On-chain data shows that Tether (USDT) network transaction volume surged nearly 10% to a high of $53 billion in the past 24 hours. In this case, the number of USDT on the network jumped to over 45 million, while the number of transfers soared to over 1.8 billion.

These numbers mean that Tron has now surpassed Visa, the world’s leading financial services platform. According to LookOnChain, Visa processed over $3.78 billion in Q1 2024, with an average daily volume of $42 billion.

💬 $USDT 24-hour volume on#TronNetworkis $53B, surpassing Visa’s daily average volume.

Visa's Q1 2024 Volume is $3.78T, with an average daily volume of $42B — Lookonchain

Mastercard is no exception, as the second largest company in the world, it processes $2.3T. This indicates that the network's daily transaction volume exceeds $25 billion.

Tron has grown into one of the most important players in the crypto industry. Its total value locked (TVL) has soared to more than $8.1 billion, making it the third largest chain after Ethereum and Solana.

The number of stablecoins within the ecosystem has jumped to more than $58 billion, with Tether occupying the largest market share.

At the same time, Tron has become one of the most profitable players in the industry. Data shows that Tron's revenue this year exceeded $730 million, making it the second largest company after Ethereum, which has revenue of more than $1.6 billion this year.

Tron's market value has also been on a rapid growth trend, with a market value of more than $10 billion. This makes it the 13th largest cryptocurrency in the world.

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