{"id":89917,"date":"2024-08-15T14:35:48","date_gmt":"2024-08-15T18:35:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89917"},"modified":"2024-08-15T14:39:50","modified_gmt":"2024-08-15T18:39:50","slug":"tron-outperforms-ethereum-in-revenue","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tron-outperforms-ethereum-in-revenue\/","title":{"rendered":"Tron Outperforms Ethereum in Revenue Over Past 90 Days"},"content":{"rendered":"\n

According to DeFi Llama, the Tron network<\/a> generated $1.31 million in network revenue in the last 24 hours alone.<\/p>\n\n\n\n

\"Tron<\/figure>\n\n\n\n

Over the past 90 days, the Tron network has outpaced the Ethereum network in revenue, generating approximately $435 million in fees compared to Ethereum's $364 million, according to data from Token Terminal.<\/p>\n\n\n\n

Tron Surpasses Ethereum in Revenue<\/h2>\n\n\n\n

Tron founder Justin Sun emphasized the network's 30-day revenue performance, stating that it had “exceeded Ethereum's protocol revenue by 50%.” Sun also provided optimistic projections for Tron, saying:<\/p>\n\n\n\n

\n

“If this trend continues, TRON's protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on Earth!”<\/p>\n<\/blockquote>\n\n\n\n

Tether transactions on the Tron network surged, reaching nearly one-third of Visa's total settlement volume for the second quarter of 2024, with Tron handling a staggering $1.25 trillion in transaction settlements.<\/p>\n\n\n\n

\"Tron
Blockchain network fees over a 90-day period. Source: Token Terminal.<\/em><\/figcaption><\/figure>\n\n\n\n

Tron\u2019s Push for Stablecoin Dominance<\/h2>\n\n\n\n

Justin Sun revealed plans for Tron to introduce a gasless stablecoin on both the Tron and Ethereum networks in July 2024. <\/p>\n\n\n\n

This stablecoin would eventually be expanded to other Ethereum Virtual Machine (EVM) <\/a>blockchain ecosystems. <\/p>\n\n\n\n

\"Tron
USDT settlement on the Tron network. Source:\u00a0Token Terminal\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/em><\/figcaption><\/figure>\n\n\n\n

The innovation aims to enable users to send stablecoins peer-to-peer without incurring network fees, which could significantly enhance the usability of these products for small payments, corporate settlements, and cross-border remittances.<\/p>\n\n\n\n

In 2024, Tron also emerged as the second-largest blockchain network for stablecoin transfers by dollar value, trailing only the Solana network.<\/p>\n\n\n\n

Challenges Despite Success<\/h2>\n\n\n\n

Despite Tron's impressive revenue figures and advancements in stablecoin technology, the network faces challenges in other areas. <\/p>\n\n\n\n

In June 2024, Tron's total value locked (TVL)\u2014a key indicator of the capital within the network\u2014dropped to a six-month low of around $7.6 billion, according to DeFi Llama.<\/p>\n\n\n\n

\"Tron
Tron's total value locked measured in US dollars. Source: DeFi Llama.<\/em><\/figcaption><\/figure>\n\n\n\n

Although TVL saw a moderate increase to approximately $8.7 billion in July, it fell back to around $7.6 billion in August and remains at that level.<\/p>\n\n\n\n

Interestingly, this decline in TVL coincided with a notable rise in the price of TRX, which saw a 9.5% increase in June 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to DeFi Llama, the Tron network generated $1.31 million in network revenue in the last 24 hours alone. Over the past 90 days, the Tron network has outpaced the Ethereum network in revenue, generating approximately $435 million in fees compared to Ethereum’s $364 million, according to data from Token Terminal. Tron Surpasses Ethereum in […]<\/p>\n","protected":false},"author":56,"featured_media":89920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7713,197,128,5291,1531,144],"class_list":["post-89917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-defi","tag-ethereum","tag-justin-sun","tag-stablecoin","tag-tron"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/Tron-Outperforms-Ethereum-in-Revenue-Over-Past-90-Days.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89917"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89920"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}