TRON Revenue Surpasses Ethereum by 50%, Could Hit $2 Billion

On Aug 16, 2024

TRON’s protocol revenue exceeded Ethereum’s by 50% in the last 30 days, with the potential to surpass $2 billion this year.
TRON introduces SunPump to launch meme coins, accelerating TRX burns, and boosting network activity.

Recently, TRON CEO Justin Sun revealed some surprising changes regarding TRON’s performance in the blockchain industry. According to Sun, Token Terminal data shows that TRON’s protocol revenue has overtaken Ethereum’s by 50% over the last 30 days.

In the past 30 days, according to @tokenterminal, TRON’s protocol revenue has exceeded Ethereum’s protocol revenue by 50%. If this trend continues, TRON’s protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on Earth! 🤯 pic.twitter.com/kbzjU5zM5O
— H.E. Justin Sun 孙宇晨 (@justinsuntron) August 15, 2024

TRON Revenue Milestone and Community Benefits

This is no small accomplishment, given Ethereum’s long-standing supremacy in the space. Sun further stated that if this growing trend continues, TRON’s protocol revenue might approach $2 billion by the end of the year, making it the most profitable blockchain on the planet.

This milestone has enormous ramifications for the TRON community. One X user asked a critical question regarding whether this revenue is shared with the community, to which Sun replied positively.

He noted that TRX holders receive 100% of the revenue, demonstrating TRON’s dedication to rewarding its supporters and ensuring that the community benefits directly from the network’s success.

Meanwhile, TRON’s latest operations have not been solely focused on revenue development. Justin Sun also stated that the TRON network will soon host a fresh generation of meme coins via a platform called SunPump.

According to our prior report, SunPump is a fair launch mechanism for meme currencies that uses the TRON network and the decentralized exchange (DEX) SUN.io. The introduction of SunPump is likely to have a significant effect on increasing the TRX burn rate.

According to the information provided, meme coin projects with a market cap of $69,420 will be required to burn $12,000 worth of TRX using the SunPump platform. This endeavor is consistent with TRON’s overall aim of increasing the utility and value of TRX by lowering its circulating supply.

Beside that, as we previously reported, a Messari report emphasized TRON’s outstanding success in the smart contract area. Contrary to industry norms, TRON has seen a surge in on-chain activity, with the number of transactions reaching 202 million in June.

This rush in activity demonstrates the network’s expanding usage and the strength of its infrastructure. Furthermore, a separate CryptoRank report found that TRON was the second-largest network by total value locked (TVL) in Q2, trailing only Ethereum, which had a TVL of $8.2 billion.

TRX is currently trading at about $0.1313, down 0.45% over the last 24 hours. Despite modest price fluctuations, the daily trading volume is $314.51 million, reflecting continued interest and activity in the coin.