Tron Network reported its 2024 revenue of $2.12 billion, up 115% year on year, with the TRX token recording outstanding growth.
TRX token rose to its highest price of $0.43 on December 4 driven by a trading volume that doubled to $2.3 billion in the week to December 3.
Nevertheless, Tron Network now earns 11th in revenue among the protocols, following Ethereum, Solana, and PancakeSwap.
The revenue picture of Tron Network looks quite promising in the future and in 2024, Tron achieved a record-high of $2.12 billion, which is more than 115% up from 2023. Coming at this time, this growth is indicative of the broadening user base of the platform and subsequent utilization of the native token TRX.
As presented by Tron Scan, users’ revenue of TRX on the Tron platform equals $329.57 million in 2024. This has risen by 115.73% from the previous year, which will generalize a stronger interest in Tron’s ecosystem.
The fast of Tron’s financial growth continued and even received an additional boost in the last month of 2024. Research from Lookonchain also shows that December added $329.57 million to the network’s annual revenue which is 40% MoM.
TRX Token Marks Some Major Feats
Just as with the other specified networks, Tron’s native token, TRX, rose in 2024 to reflect the expanding network. The token over the period increased by 140.8% for the year and hit a high of $ 0.43 on December 4th. This achievement was coupled with increased trading volatility whereby TRX's market capitalization reached $20 billion at a certain point in this period.
At year-end, TRX was trading at $0.25 per share and boasting a sizable market capitalization to the tune of $22.09 billion. Its daily trading volume maintained about $978 million, proving steady demand for the token from investors.
Position Among Leading Protocols
Despite its impressive revenue growth, Tron Network ranks 11th among blockchain protocols by revenue, based on DeFi Llama’s data. Major platforms like Ethereum, Solana, and PancakeSwap continue to outpace Tron in overall fees generated.
The top position for protocol revenue remains firmly held by Tether, which generated $5.25 billion in 2024. Circle and Uniswap also retained leading positions, underscoring the competitive landscape in decentralized finance.
Tron’s substantial growth in 2024 highlights its ongoing efforts to strengthen its position in the blockchain ecosystem, even as it continues to trail top-tier competitors in revenue rankings.
