In Q3 2024, the TRON blockchain ($TRX ) surpassed such popular cryptocurrencies as Bitcoin and Ethereum ($ETH ) in terms of network revenue.

From July to September, TRON blockchain validators earned a record income of $577.2 million. This figure is more than 10 times higher than the revenue of Bitcoin miners, which amounted to $56.3 million, and twice the earnings of Ethereum network validators, estimated at $256 million for the same period.

The lion's share of the income for TRON blockchain nodes came from staking. They earned $429.6 million by blocking digital assets. Another $147.7 million came from burning TRX coins, for example, in exchange for issued stablecoins. Thanks to the ongoing process of destroying digital assets, the circulating supply of TRON coins has decreased by approximately 100 million over the past month.