As a seasoned crypto investor who has witnessed the rise and fall of numerous digital assets over the past decade, I must admit that the recent growth of Tron (TRX) has caught my attention. With a staggering 140.8% increase in its native token’s value and a total revenue of $2.12 billion in 2024, it’s hard not to take notice. The fact that this figure has risen by over 115% compared to the previous year is nothing short of impressive.
However, despite these impressive numbers, Tron still hasn’t quite reached the top tier of protocols in terms of fees, sitting at number 11 on the leaderboard. This is a bit like being the second-best student in your class – you’re still not the best, but at least you’re not last!
That said, I believe Tron has a lot of potential and could very well climb up the ranks in the coming years. It’s always exciting to see a project with such promising growth and development. And who knows? Maybe one day we’ll laugh about how we bought TRX for pocket change back when it was still trading at $0.25!
In jest, I’d like to add that it seems Tether is still the king of the crypto hill, but I’m keeping my eyes on Tron. After all, even a tether can break if you pull hard enough!
As a crypto investor, I’m thrilled to share that throughout 2024, the Tron network’s earnings skyrocketed to an impressive $2.12 billion. Compared to the previous year’s figures, this represents a staggering growth of over 115%. It’s an exciting time to be part of the Tron community!
2024 data from Tron Scan indicates that total user-generated revenue from TRX purchases on the Tron network surged to an impressive $329.57 million, marking a significant 115.73% rise compared to the previous year, 2023.
As a crypto investor, I’ve seen some impressive numbers coming from the Tron network lately. Towards the end of 2024, this network experienced a significant surge in its revenue, with December seeing a nearly 40% increase! According to data from Lookonchain, the Tron network’s revenue soared to an astounding $329.57 million over the past 30 days.
Over the last twelve months, Tron’s native cryptocurrency, TRX, demonstrated a comparable surge, rising over 140.8%. This year on December 4th, Tron’s token peaked, being traded at $0.43 as per data from crypto.news.
Just one day prior to reaching its record peak, Tron’s market capitalization exceeded the $20 billion mark. Simultaneously, the value of TRX tokens traded more than doubled, reaching approximately $2.3 billion.
Currently, TRX is being transacted at approximately $0.25. This digital token has been successful in preserving a market capitalization of roughly $22.09 billion and a 24-hour trading volume of around $978 million. According to DeFi Llama, the total value locked within Tron stands at about $7.38 billion.
Despite making significant strides over the past month nearing the end of the year, the Tron network hasn’t yet managed to crack the top 10 in terms of fees among leading protocols. According to DeFi Llama data, Tron currently ranks 11th in terms of revenue generation, trailing behind notable platforms like pump.fun, Lido, PancakeSwap, Ethereum, and Solana.
Currently, Tether maintains its position as the top earner among protocols, bringing in a revenue of approximately $5.25 billion. Circle and Uniswap trail closely behind.
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2024-12-31 17:14