Tron network revenue exceeded Bitcoin, Ethereum and Solana in Q3
Tron's total revenue for Q3 was $577 million, the highest since the protocol launched.
Token terminal data shows that TRX generated $567 million in fees, surpassing other blockchains.
Tron performs better than Bitcoin and Ethereum in terms of daily active addresses, daily transactions, stablecoin transfer volume, and DEX trading volume.
The Tron Network (TRX) generated its highest revenue in the third quarter since its inception, outperforming leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
As much as 74% of this income comes from staking, while the remaining 26% comes from the burn mechanism. The success of TRON's memecoin platform, Sun pump meme, also contributed to this performance, adding $8.4 million since launch.
The growth in revenue and fees is also due primarily to rapidly expanding activity in stablecoins, with TRON now accounting for more than 34% of the stablecoin market, which amounts to $60 billion, according to DefiLlama.
Justin Sun, founder of TRON, tweeted, “We are confident that Q4 will see greater growth compared to Q3!
During this 3 month period, Tron generated $567 million in fees, more than double that of Ethereum ($253 million), five times more than Solana ($105 million) and 9x more than Bitcoin ($57 million), showing that blockchain Tron is gaining more traction than any other blockchain.
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