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TRX price soars as Tron fees prepares to flip Tether, Ethereum
The TRX coin price formed a big God candle, reaching its all-time high of $0.4485, after Justin Sun compared it with Ripple’s XRP.
Tron has been one of the best-performing cryptocurrencies, jumping by over 240% in the last 12 months.
This surge was largely attributed to an X post from Justin Sun, who predicted that TRX would mirror the performance of XRP in recent weeks.
Meanwhile, there are signs that Tron is on the verge of surpassing Tether and Ethereum in terms of fees made this year Data from TokenTerminal shows that it has accrued over $1.84 billion in fees year-to-date.
Ethereum, the most profitable network in the crypto space, has made $2.30 billion this year, while Tether has brought in $2.1 billion. If Tron’s network growth continues at this pace, there are rising odds it will surpass these networks in the coming months
Tron’s network generates fees from the substantial transactions flowing within its blockchain. For instance, data from TronScan shows the network handled over $229 billion in USDT volume in the past 24 hours. It achieved this by processing over 2.1 billion transactions during the same period