Table of Contents
In 2024, Tron's Revenue Hits $2.12 Billion, With Ethereum and Solana Trailing
In 2024, Tron’s Revenue Hits $2.12 Billion With $2.12 billion in revenue in 2024, Tron surpassed Ethereum’s $2 billion, leaving Solana far behind.
In the first week of December 2024, Tron’s (TRX) price hit a record high of $0.44, shattering earlier records as part of a cryptocurrency-wide surge that intensified following Donald Trump’s election victory. Although the community has felt rejuvenated by TRX’s return to the tenth spot in market capitalization, the company’s price is still struggling, having dropped more than 43% from its recent peak and hovering around the $0.25 mark for almost two weeks. In 2024, Tron’s Revenue Hits $2.12 Billion
Tron’s monthly income has risen steadily in spite of this. In 2024, Tron’s Revenue Hits $2.12 Billion
Top Revenue Rankings Go to Tron
The Tron network’s revenue has increased significantly over the last 30 days, hitting almost $330 million, a 39.7% rise over the previous month, according to Lookonchain’s most recent results. Revenue increased to $764.11 million in the last ninety days as a result. In 2024, Tron’s Revenue Hits $2.12 Billion
Due to the quick success of SunPump, a token launcher platform designed specifically for meme coins, Tron saw a notable increase in income in the third quarter of 2024. Beginning on August 16, SunPump gained popularity, and in the two weeks that followed, activity exploded. In 2024, Tron’s Revenue Hits $2.12 Billion
Zooming out, this expansion has helped the network’s 2024 total revenue, which is currently $2.12 billion, increase by more than 115% year over year. CryptoDep’s data, which shows Tron at the top of the blockchain revenue charts for 2024, further supports this. Tron now has more revenue than Ethereum, which is in second place with $2 billion. In 2024, Tron’s Revenue Hits $2.12 Billion
In contrast, Solana still lags far behind Tron in terms of revenue creation, even with its outstanding 3,028% growth trend and $90.9 billion market capitalization. The same is true for Base and other up-and-coming blockchains like Optimism, which has $37.9 million, and Arbitrum, which has $44.7 million. In 2024, Tron’s Revenue Hits $2.12 Billion
Is There a Positive Turnaround for TRX?
However, after Christmas, the entire cryptocurrency market became pessimistic, with TRX incurring large losses. The cryptocurrency market has been quiet throughout the holidays, but it may soon hit a local low.7. In 2024, Tron’s Revenue Hits $2.12 Billion
Resistance levels are expected to be between $0.40 and $0.49. Community interest has been sparked by rumors regarding recent activities by Tron founder Justin Sun and asset management Grayscale. In 2024, Tron’s Revenue Hits $2.12 Billion
Frequently Asked Questions
Tron achieved $2.12 billion in revenue, surpassing Ethereum’s $2 billion, due to the success of its innovative projects like SunPump, a token launcher for meme coins, and its consistent growth in monthly and quarterly revenues.
In December 2024, Tron’s (TRX) price hit a record high of $0.44 due to a cryptocurrency-wide surge fueled by market optimism following Donald Trump’s election victory. This growth also coincided with strong performance metrics and increased community engagement.
While Solana has seen impressive growth, including a 3,028% increase in revenue trends, its total revenue remains significantly behind Tron, with Tron outperforming it in 2024 by a substantial margin.
SunPump is a token launcher platform designed for meme coins, launched by Tron in August 2024. Its rapid adoption and popularity contributed significantly to Tron’s revenue growth, particularly in Q3 2024.
TRX is currently trading around $0.25 after a 43% drop from its peak in December. Despite market pessimism during the holiday season, analysts expect resistance levels between $0.40 and $0.49, with the potential for a local low before a rebound.
You can also read about cryptocurrency from our website.
myselfcrypto || insightbitmarket || truthofcrypto || buybitmarket || defidiary || tweetcrypto || cryptocosmosworld
