Throughout 2024, the Tron network has experienced an impressive surge in its revenue, reaching a total of $2.12 billion. This remarkable figure represents a staggering 115% increase compared to the previous year’s earnings. A closer look at the data from Tron (TRX) Scan reveals that the revenue generated from users purchasing TRX on the platform amounted to $329.57 million, marking a 115.73% growth over 2023.
As December rolled in, the Tron network celebrated an additional boost, with revenue jumping nearly 40% in the final month of the year. According to figures from Lookonchain, the network’s revenue for the last 30 days reached $329.57 million.
In the past year, TRX’s value also reflected this growth trend, skyrocketing by over 140.8%. Notably, Tron hit an all-time high on December 4, trading at $0.43. A day before this milestone, the network’s market cap soared past the $20 billion mark, with the trading value of the TRX token doubling to $2.3 billion during that time.
Currently, the TRX token is trading at $0.25, maintaining a market cap of $22.09 billion alongside a 24-hour trading volume nearing $978 million. Data from DeFi Llama indicates that Tron has a total value locked of approximately $7.38 billion.
Despite these significant achievements, the Tron network still has some ground to cover. As the year comes to a close, it ranks at number 11 on the leaderboard for revenue, falling short of the top 10 protocols by fees. Notable competitors include pump.fun, Lido, PancakeSwap, Ethereum, and Solana. At the top, Tether has firmly established its position with a revenue of $5.25 billion, followed by Circle and Uniswap.
As Tron continues to solidify its presence in the market, the sharp rise in revenue and TRX value showcases its potential for further growth in the upcoming year. Investors and enthusiasts alike are watching closely to see what 2025 will bring for this dynamic network.
