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<ul> 
 <li aria-level="1">Daily financial figures show Tron generated $10.5 million in revenue from $197.8 million in trading volume.</li> 
 <li aria-level="1">Tron develops technology for fee-free stablecoin transfers across EVM-compatible blockchains, enhancing cryptocurrency utility.</li> 
</ul> 
Recent data reveals that Tron’s network has surpassed Ethereum in terms of financial metrics, achieving $435 million in recorded fees, while Ethereum has seen $364 million. 
 This growth in Tron’s financial activity reflects broader trends in the cryptocurrency sector, particularly in the last quarter, marked by intense market fluctuations.&nbsp; 
Analysts from Token Terminal, as cited by EthNews, predict that <a href="https://www.ethnews.com/tron-sees-robust-growth-daily-transactions-increase-6-trx-price-rises-by-13-this-month/">Tron’s network</a> could generate up to $2 billion in revenue by 2024. 
<figure id="attachment_87422" aria-describedby="caption-attachment-87422" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87422" src="https://www.ethnews.com/wp-content/uploads/2024/08/token-terminal.jpeg" alt="" width="689" height="542">
 <figcaption id="caption-attachment-87422" class="wp-caption-text">
 Source: Token Terminal
 </figcaption>
</figure> 
The increase in Tron’s utilization can be attributed to a heightened preference for it within the stablecoin community. 
 Over the previous three months, the network has consistently outperformed Ethereum in handling transactions. This shift highlights a growing confidence in Tron’s platform for facilitating stablecoin exchanges. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 In the past 30 days, according to <a href="https://twitter.com/tokenterminal?ref_src=twsrc%5Etfw">@tokenterminal</a>, 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! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/kbzjU5zM5O">pic.twitter.com/kbzjU5zM5O</a> 
 — H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1824082766583218391?ref_src=twsrc%5Etfw">August 15, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Justin Sun, emphasized the recent achievements, stating that <a href="https://www.ethnews.com/revealed-why-justin-sun-is-really-moving-millions-in-bitcoin-to-binance/">Tron’s revenue</a> has exceeded that of Ethereum by 50% in the past month alone.&nbsp; 
He further suggested that, should this trend continue, Tron could set a new standard for profitability in blockchain technology by the end of this year. The statement is supported by substantial activity on the network, indicating robust institutional and individual engagement. 
<figure id="attachment_87426" aria-describedby="caption-attachment-87426" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87426" src="https://www.ethnews.com/wp-content/uploads/2024/08/tron.jpeg" alt="" width="869" height="551">
 <figcaption id="caption-attachment-87426" class="wp-caption-text">
 Source: DefiLlama
 </figcaption>
</figure> 
In terms of daily operations, Tron reported generating $10.5 million in revenue from $197.8 million in trading volume just in the last 24 hours. 
These figures underscore the network’s role in crypto finance, especially in processing transactions for Tether (USDT), which now parallels one-third of Visa’s payment volume with a total of $1.25 trillion handled through the network. 
<figure id="attachment_87430" aria-describedby="caption-attachment-87430" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87430" src="https://www.ethnews.com/wp-content/uploads/2024/08/tvl.jpeg" alt="" width="875" height="554">
 <figcaption id="caption-attachment-87430" class="wp-caption-text">
 Source: Defillama
 </figcaption>
</figure> 
Tron is also advancing its technology to support broader <a href="https://www.ethnews.com/tron-network-to-introduce-gas-free-stablecoin-transactions/">stablecoin utility</a> across other blockchain ecosystems that are compatible with Ethereum Virtual Machine (EVM). This development is poised to facilitate seamless, fee-free transfers of stablecoins, potentially increasing their use and applicability. 
Despite these positive indicators of network usage and financial gain, Tron’s Total Value Locked (TVL) has seen a decrease from $10.3 billion to $7.5 billion. 
Furthermore, the trading volume and market capitalization of Tron’s token, TRX, have slightly declined, with current prices reflecting a marginal decrease.&nbsp; 
The post <a href="https://www.ethnews.com/is-tron-the-new-king-of-crypto-surpassing-ethereums-revenue-by-millions/">Is Tron the New King of Crypto? Surpassing Ethereum’s Revenue by Millions!</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Is Tron the New King of Crypto? Surpassing Ethereum’s Revenue by Millions!

ETHNews

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