The revenue of the Tron network in 2024 has surged by 115% compared to the previous year

Tron Network has achieved significant financial growth in 2024, with its total revenue reaching $2.12 billion, marking an impressive increase of over 115% compared to the previous year. According to data from the Tron Scan site, revenue from users purchasing TRX, the native token of the Tron network, amounted to $329.57 million in 2024. This represents a 115.73% growth in comparison to 2023, showcasing the network’s strong performance in attracting users and investors.

December saw a particularly notable surge in Tron’s revenue, with an increase of nearly 40% in the final month of the year. Data from Lookonchain revealed that the network’s revenue for the past 30 days reached $329.57 million, further highlighting its expanding user base and growing demand for TRX. This boost in revenue aligns with the impressive performance of TRX, which saw its value increase by more than 140.8% throughout 2024.

TRX also achieved a major milestone in December, reaching an all-time high of $0.43 on December 4, according to data from crypto.news. Just a day prior, the market capitalization of Tron surpassed the $20 billion mark, while TRX’s trading volume doubled to $2.3 billion, demonstrating a strong demand for the token.

As of the latest data, TRX is currently trading at $0.25, maintaining a market cap of $22.09 billion. Its 24-hour trading volume stands at approximately $978 million, with Tron’s total value locked (TVL) amounting to $7.38 billion, according to DeFi Llama. While Tron has made significant strides in the decentralized finance (DeFi) space, it remains just outside the top 10 protocols ranked by revenue. It holds the 11th position, trailing behind dominant platforms such as Ethereum, Solana, PancakeSwap, and Lido.

Despite this, Tron has made remarkable strides in 2024 and is positioned for continued growth. Tether, with $5.25 billion in revenue, continues to lead the ranking, followed by Circle and Uniswap. The success of Tron’s revenue generation and its increasing user base suggest the network is continuing to evolve as a significant player in the blockchain and cryptocurrency landscape.