- Tron’s revenue reached $2.12 billion in 2024, surpassing Ethereum’s $2 billion and leaving Solana far behind.
- Tron’s surge in revenue can be attributed to the rapid success of its token launcher platform SunPump, tailored for meme coins.
- Despite recent bearish market conditions, speculations about Grayscale and Tron founder Justin Sun’s initiatives have driven community interest in TRX.
2024 was a year of significant growth and competition. Among the significant players, Tron stood out, recording $2.12 billion in revenue, outperforming Ethereum’s $2 billion, and leaving Solana significantly behind.
Tron’s Unprecedented Growth in 2024
In the first week of December 2024, Tron’s (TRX) price reached an all-time high of $0.44, shattering previous records during a crypto-wide bull run. This impressive surge followed Donald Trump’s presidential win and propelled TRX back to the 10th position by market capitalization. Despite a 43% drop from its peak, Tron’s monthly revenue consistently increased, providing a sense of revival to the community.
Tron Tops Revenue Rankings
According to Lookonchain, the Tron network experienced a substantial surge in revenue over the past 30 days, reaching around $330 million. This figure represented a 397% increase compared to the previous month, leading to a total revenue of $764.11 million over the past 90 days. The rapid success of SunPump, Tron’s token launcher platform tailored for meme coins, contributed to this revenue surge.
The Success of SunPump
SunPump gained popularity starting August 16, with activity skyrocketing in the two weeks that followed. This growth contributed to an impressive 115% year-on-year increase in the network’s total revenue for 2024, which now stands at $2.12 billion. This accomplishment placed Tron ahead of Ethereum, which trailed behind with $2 billion in revenue despite its impressive growth trend and $909 billion market cap.
The Market Outlook for TRX
Despite the overall bearish cryptocurrency market post-Christmas, TRX could soon find a local bottom. Resistance zones are anticipated at $0.40 and $0.49. Speculations about asset manager Grayscale and Tron founder Justin Sun’s recent initiatives have heightened community interest.
Conclusion:
In conclusion, 2024 was a monumental year for Tron. Despite facing significant market volatility, Tron managed to surpass Ethereum in terms of revenue. The success of its token launcher platform, SunPump, played a critical role in this achievement. Looking forward, Tron’s journey in the crypto space is poised to be a fascinating one to watch.
