#ChartoftheDay Justin Sun posted on X yesterday that Tron's protocol revenue has exceeded the Ethereum network’s revenues by 50% over the past 90 days, according to data on Tokenterminal. Sun also offered guidance, saying, “If this trend continues, Tron’s protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on earth.”The outstanding performance can be credited to the network’s extensive stablecoin activity. It ranks second for the network with the most stablecoins behind Ethereum.

In June, USDT$ transactions on #TRON✅ surpassed Visa’s average daily trading volume in a single day. Lookonchain data revealed a staggering $53 billion in USDT transactions on Tron within a 24-hour period, exceeding Visa’s average daily volume of $42 billion for Q1, 2024. Significant use by those in developing countries such as Argentina, Turkey, and various African countries where high inflation remains a consistent issue is a driving key factor.

As for the protocol revenue over the last 12 months, #Ethereum still leads other blockchains, both L1 and L2 included, with a $2.18 billion revenue. Tron ranks second with a $1.45 billion revenue.