BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Justin Sun Predicts Tron Revenue Could Hit $4 Billion in 2024

by Sham
August 22, 2024
in CRYPTO
Reading Time: 2 mins read
A A
2
SHARES
26
VIEWS
Share on XShare in TelegramShare on Reddit

• Tron founder Justin Sun predicts the blockchain’s revenue could soar to $4 billion within the next year if its current meme strategy proves successful
• Sun revealed plans to enhance USDD, a decentralized stablecoin on the Tron blockchain, to make it more competitive in the market
• Tron’s daily revenue reached an all-time high of $533 million, surpassing competitors like Ethereum and Solana during the same period

Crypto entrepreneur Justin Sun has unveiled an ambitious goal to increase TRON‘s revenue to $4 billion within the next year. He believes a current meme coin craze on the network could be the key to hitting this target.

JUST IN: Tron $TRX founder Justin Sun projects that the blockchain’s revenue could reach $4 billion within the next year if its current meme strategy succeeds pic.twitter.com/TpNPK1WT3H

— BlockNews.com (@blocknewsdotcom) August 22, 2024

TRON’s Revenue Surge

TRON’s daily revenue recently reached an all-time high of $533 million, surpassing competitors like Ethereum and Solana. Analysts attribute this fee spike to the recent launch of SunPump, a meme coin deployer on TRON that has outpaced its rival on Solana. In just 24 hours, SunPump generated nearly $600,000 in revenue and launched over 7,000 new tokens.

Plans for USDD

In addition to meme coin plans, Sun wants to make TRON’s decentralized stablecoin USDD more competitive. USDD operates similar to MakerDAO’s DAI system. However, its collateralization rate exceeds 300%, indicating capital inefficiency. The TRON DAO Reserve aims to upgrade USDD to better compete against other algo stablecoins.

USDD currently has a supply around $744 million, backed by $17 billion in TRX and USDT.

Conclusion

If Sun’s meme coin strategy succeeds, TRON could see its revenue quadruple to $4 billion in the next year. Upgrading USDD should also help the network take on other major DeFi platforms. TRON continues to see surging activity, solidifying itself as a critical player in blockchain technology.

Tags: cryptoethereumJustin SunSolanaTron
Tweet1ShareShare
Previous Post

The Block Analytics – Aug 16

Next Post

Bitcoin’s Purchasing Power Soars: Now Buys 10,500 Big Macs

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.