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crypto.news 2024-12-31 14:08:35

Tron network 2024 revenue soars 115% compared to last year

Throughout 2024, Tron network’s revenue reached a total of $2.12 billion. This number surged by more than 115% compared to the protocol’s revenue in 2023. Data from the Tron ( TRX ) Scan site showed that revenue gained from users purchasing TRX on the Tron network reached a whopping $329.57 million in the entirety of 2024, increasing by 115.73% compared to 2023. Not only that, in the final leg of 2024 the Tron network saw an increase in revenue by nearly 40% in December. According to data from Lookonchain , Tron network’s revenue reached $329.57 million in the past 30 days. Price chart for TRX in the past 24 hours of trading, December 31, 2024 | Source: crypto.news . You might also like: Tron has surged 104% in a day and hit a new all-time high In the past year, Tron’s native token TRX reflected a similar growth, increasing by more than 140.8%. Tron’s token also reached an all-time high this year on Dec. 4, trading at $0.43 according to data from crypto.news. A day before hitting its all-time high, Tron’s market cap surpassed the $20 billion threshold. The TRX token’s trading value also doubled to $2.3 billion during that period. At the time of writing, TRX is trading hands at $0.25. The token has managed to maintain a market cap of $22.09 billion alongside a 24 hour trading volume of around $978 million. Data from DeFi Llama shows that Tron has a total value locked amounting to $7.38 billion. Although the Tron network has achieved quite a few milestones in the past month as the year reaches its end, it still falls short of entering the top 10 protocols ranked by fees. According to data from DeFi Llama , Tron sits at number 11 on the leaderboard in terms of revenue, falling behind major protocols such as pump.fun, Lido, PancakeSwap, Ethereum and Solana. Meanwhile, Tether continues to reign as the number one protocol with a revenue of $5.25 billion, followed by Circle and Uniswap. Read more: PancakeSwap hit $310b in trading volume, up 179% YoY