In October, TRON($TRX ) generated $205 million, making it the second-highest revenue month in its history, just behind August. This boost came mainly from the rising popularity of memecoins, which drove up transaction volumes to over 10 million in a single day, a record for the year.
However, despite this success, TRON's Total Value Locked (TVL), the amount of assets held in its ecosystem, has been declining. After hitting a high of $10.3 billion in March, it dropped to about $6.9 billion by November. This suggests TRON may need to focus on increasing its locked value to ensure steady growth moving forward.
