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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/tron-outpaces-ethereum-in-revenue-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron Outpaces Ethereum in Revenue</a><br></p>
<p style="text-align: justify"><a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">Recent data</a> from Token Terminal reveals that the Tron network has exceeded Ethereum’s revenue over the past 90 days, generating approximately $435 million in fees compared to Ethereum’s $364 million. Justin Sun, the founder of Tron, emphasized the network’s remarkable 30-day performance, where Tron’s revenue surpassed Ethereum’s by 50%.</p>
<h2 id="what-s-fueling-tron-s-growth">What’s Fueling Tron’s Growth?</h2>
<p style="text-align: justify">Justin Sun shared insights into the future prospects of Tron, suggesting that if the current growth trend continues, Tron’s protocol revenue could surpass $2 billion this year, positioning it as the most profitable blockchain globally. Additionally, Tether payments on Tron have surged to one-third of Visa’s total payment volume for Q2 2024, with the network reaching a transaction payment volume of $1.25 trillion.</p>
<h2 id="what-are-tron-s-future-plans">What Are Tron’s Future Plans?</h2>
<p style="text-align: justify">Sun announced plans to introduce a fee-free stablecoin for both Tron and Ethereum networks by July 2024. This stablecoin will eventually be extended to other Ethereum Virtual Machine (EVM) blockchain networks, enabling users to conduct peer-to-peer stablecoin transactions without network fees. This initiative is expected to significantly enhance the use of stablecoins for small payments, institutional settlements, and cross-border remittances.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">– Tron has outperformed Ethereum in revenue, highlighting its rapid growth.<br> – The network’s potential to exceed $2 billion in revenue by year-end.<br> – Introduction of a fee-free stablecoin to enhance transaction efficiency.<br> – Tether payments on Tron rivaling Visa’s total payment volume.</p>
<p style="text-align: justify">Despite its impressive revenue performance and stablecoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">innovations</a>, Tron faces challenges in other areas. Data from DeFi Llama indicates that Tron’s total value locked (TVL) dropped to a six-month low of about $7.6 billion in June 2024. Although there was a moderate increase to around $8.7 billion in July, TVL fell back to $7.6 billion in August. Interestingly, this decline coincided with a 9.5% rise in the <a href="https://en.bitcoinhaber.net/tron-network-faces-security-speculations-and-market-dynamics" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a> price for June 2024.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/tron-outpaces-ethereum-in-revenue-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron Outpaces Ethereum in Revenue</a></h5>

Tron Outpaces Ethereum in Revenue

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