- Tron leads blockchain revenue in 2024, reporting $2.12 billion, surpassing Ethereum’s $2 billion and other competitors significantly.
- SunPump token launcher platform’s plan helped Tron to record a massive 115% year-on-year increase in its overall revenues.
- The current TRX price has still been stuck at $0.25 after achieving $0.44 in December 2024 due to bearish signals from the market after the Christmas period.
Tron (TRX) hit $2.12 billion in revenue in the year 2024. This figure puts Tron above Ethereum which raked $2bn in the same time frame. This growth is a 115 percent year-on-year rebound in Tron’s revenue, which secures the network as one of the heavyweight players in the blockchain industry.
CryptoDep data shows how far ahead Tron is, and its revenue is significantly higher than new generations of blockchains such as Solana, Arbitrum, or Optimism. Still, Solana reported impressive growth, though its revenue pales in comparison to Tron’s numbers.
The Tron network reported a remarkable 39.7% monthly revenue increase and earns approximately $330 million monthly. According to Lookonchain, this increase has catapulted Tron’s quarterly revenue to $764.11 million.
The surge can be attributed to SunPump, a token-launcher platform introduced in August 2024. Its popularity within the meme coin ecosystem contributed significantly to Tron’s earnings, solidifying its position at the forefront of blockchain innovation.
TRX Struggles Despite Revenue Success
Tron’s revenue growth contrasts sharply with TRX’s market performance. After reaching its record high of $0.44 in early December 2024, TRX has shed more than 43 percent. At the time of writing this analysis, for slightly more than a week and a half, the token’s price has been ranging just above the $0.25 mark, which is linked to the general bearish trend in the crypto space.
The holiday season saw decreased activity across the market, with TRX showing no signs of immediate recovery. Resistance levels are anticipated at $0.40 and $0.49, while investors look to potential market shifts for optimism.
Community Anticipates a Reversal
Despite the recent price dip, Tron’s resurgence in revenue and market positioning has reinvigorated community interest. The token has returned to the top 10 by market capitalization, signaling renewed attention from investors.
Speculation around initiatives by asset manager Grayscale and Tron founder Justin Sun could further influence TRX’s trajectory. However, the cryptocurrency market’s current bearish sentiment remains a hurdle for immediate gains.
Tron’s record-breaking revenue growth marks a pivotal moment for the blockchain. However, TRX’s price struggles underscore challenges in maintaining investor confidence during a volatile market phase. As the industry moves into 2025, Tron’s ability to leverage its revenue success may determine its future momentum.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
