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The Tron network&nbsp;has exceeded the Ethereum network’s revenues over the past 90 days, accruing approximately $435 million in fees compared to Ethereum’s fee revenues of roughly $364 million, according to data from Token Terminal.
Tron founder Justin Sun highlighted the 30-day revenue performance of the blockchain network, which has “exceeded Ethereum’s protocol revenue by 50%,” according to the Tron founder. Sun then offered forward-looking guidance for Tron:
<blockquote>
 “If this trend continues, Tron’s protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on Earth!”
</blockquote>
USDT (<a href="https://cointelegraph.com/tether-price-index">USDT</a>) settlements on the Tron network surged to roughly one-third of payment giant Visa’s total settlement volume for the second business quarter of 2024, accounting for a whopping $1.25 trillion in transaction settlements on the Tron network.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/1532bc60-0337-44b1-9678-6a441f242bb7.png" alt="Tron network exceeds Ethereum revenue over the past 90 days" title="">
 <figcaption style="text-align: center;">
 Blockchain network fees over a 90-day period. Source: Token Terminal
 </figcaption>
</figure>
<h2 data-ct-non-breakable="true" id="tron-to-become-the-go-to-ecosystem-for-stablecoin-settlement">Tron to become the go-to ecosystem for stablecoin settlement?</h2>
Sun revealed that the Tron team was working to introduce a&nbsp;<a href="https://cointelegraph.com/news/tron-is-building-a-gas-free-stablecoin-solution">gasless stablecoin</a> for the Tron and Ethereum networks in July 2024, with plans to deploy the stablecoin to other Ethereum Virtual Machine blockchain ecosystems in the future.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/90c9add3-29c6-48e8-b615-b397ddc167ba.jpeg" alt="Tron network exceeds Ethereum revenue over the past 90 days" title="">
 <figcaption style="text-align: center;">
 USDT settlement on the Tron network. Source: Token Terminal
 </figcaption>
</figure>
This would allow users on these networks to send stablecoins peer-to-peer without paying network fees, drastically increasing the viability of these products for small payments, corporate settlements and&nbsp;<a href="https://cointelegraph.com/news/crypto-remittances-venezuela-surge-economic-situation-worsens">cross-border remittances</a>.
Related:&nbsp;<a href="https://cointelegraph.com/news/tron-surpasses-ethereum-revenue-generation">Tron surpasses Ethereum: $1.42M revenue in 24 hours</a>
In 2024, Tron also became the&nbsp;<a href="https://cointelegraph.com/news/tron-upgrades-digital-economy-report"></a><a href="https://cointelegraph.com/news/tron-upgrades-digital-economy-report">second-largest blockchain network</a> for stablecoin transfers when measured by dollar value, second only to the Solana network.
<h3 id="trouble-in-paradise">Trouble in paradise</h3>
Despite Tron’s impressive revenue figures and stablecoin innovation, the network lags in certain metrics. In June 2024, its total value locked (TVL), a measure of capital locked within the network, fell to&nbsp;<a href="https://cointelegraph.com/news/tron-network-deposits-drop-to-6-month-low-as-trx-price-rallies-trouble-in-paradise">six-month lows</a> of approximately $7.6 billion, according to DefiLlama.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/f2cc674c-00c1-4470-85a4-0771474efa45.png" alt="Tron network exceeds Ethereum revenue over the past 90 days" title="">
 <figcaption style="text-align: center;">
 Tron’s total value locked measured in US dollars. Source: DeFiLlama
 </figcaption>
</figure>
Tron’s total value locked rose moderately in July, reaching levels around $8.7 billion, but fell back down to around $7.6 billion in August and is still hovering around that level at the time of this writing.
Interestingly enough, the decline in TVL was accompanied by a significant rise in the price of TRX (<a href="https://cointelegraph.com/tron-price-index">TRX</a>), which recorded a 9.5% gain for the month of June 2024.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/ethereum-defi-cryptocurrency-tokens-narrative-bull-market-michael-van-de-poppe-cointelegraph-magazine/">DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame</a>

Tron network exceeds Ethereum revenue over the past 90 days

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