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Tron’s Revenue Reaches $2.12 Billion in 2024: Ethereum, Solana Trail Behind
In a remarkable year for the cryptocurrency market, Tron has made headlines by surpassing the revenue milestone of $2.12 billion in 2024, leaving behind major players like Ethereum and Solana. The recent data from Lookonchain reveals that the network’s monthly revenue has seen an astonishing increase of 39.7%, resulting in a total of $764.11 million for the quarter.
The meteoric rise of Tron can be attributed to the phenomenal success of its token launcher platform, SunPump, which specifically caters to the needs of meme coins. Since August 16th, this platform has seen an unparalleled surge in activity, contributing significantly to Tron’s impressive revenue growth of over 115% year-on-year.
CryptoDep’s data corroborates Tron’s dominance in the blockchain space by confirming its position at the top spot on the blockchain revenue charts for 2024. This marks a major shift from previous years, where Ethereum and other prominent networks held the upper hand in terms of revenue generation.
Ethereum, known for its massive user base and widespread adoption, surprisingly trails behind Tron with a significantly lower revenue figure of $2 billion. Solana, despite boasting an impressive growth rate of 3,028% and a market capitalization of $90.9 billion, is also far behind Tron in terms of revenue generation.
The performance of emerging blockchains like Base and Arbitrum, which recorded $44.7 million and $37.9 million respectively, further highlights the significant lead Tron has taken in 2024.
The cryptocurrency market as a whole experienced a sudden downturn post-Christmas, causing TRX to plummet alongside other assets. However, with speculations surrounding Grayscale’s initiatives and Justin Sun’s recent activities driving community interest, it is possible that we may see a local bottom soon.
For now, Tron’s revenue record serves as a testament to its innovative approach in the face of an ever-evolving market landscape.
Source: cryptopotato.com
