Tron (TRX) has registered impressive gains due to users making purchases of TRX on the network. According to data, the cumulative revenue realized in 2024 hit $2.12 billion. This figure represents a remarkable 115.73% increase compared to Tron’s 2023 performance level.
Steady Growth and Market Milestones
Data from Lookonchain also shows a spike in revenue generated in December alone. The revenue grew by approximately 40% as Tron’s network recorded $329.57 million within 30 days. This highlights the asset’s steady growth in the course of the outgoing year.
In 2024, Tron’s token hit an all-time high (ATH) of $0.45 after it leaped from lows of $0.22 to surpass its previous price levels. Notably, TRX had its last ATH in January of 2018. However, the recent bull rally pushed the momentum for the cryptocurrency.
Market experts attributed the surge to the bullish trend dubbed the “altcoin season.” During this period, other cryptocurrencies flip Bitcoin in performance. It is this overall positive sentiment of the altcoin trend that TRX benefitted from to take it to peak levels.
Tron Metric Signals Investors’ Confidence
DeFiLlama data reveals that the Total Value Locked for Tron has reached $7.47 billion. This highlights the level of confidence investors have in Tron.
However, regarding fees, Tron lags and does not make the top ten protocols. Tron occupies the 11th position on the revenue leaderboard behind other assets like Ethereum, Lido, and Solana.
As of this writing, TRX is trading at $0.2563, a 2.25% increase in the last 24 hours, according to CoinMarketCap data.
However, The market volume has dropped to $779.33 million, an 8.45% decline. However, Tron’s market capitalization of $22.09 billion helped position it among the top crypto assets in the crypto space.
Justin Sun’s Vision for 2025
Meanwhile, earlier in December, Justin Sun, Tron’s founder, made a bold statement that could suggest the future direction of the asset.
According to Sun, Tron will reposition in 2025 to leverage on the anticipated shift in the cryptocurrency landscape after President-elect Donald Trump’s inauguration. Some of Trump’s nominees suggest the administration might favorably lean towards crypto.
Although Sun referenced the business intelligence firm, MicroStrategy, it remains uncertain the direction he plans to take the cryptocurrency. Investors and traders alike look forward to any development that could increase their gains in the asset.
The post Tron Network Hits 115% Revenue Surge in 2024: Details appeared first on TheCoinrise.com.
