Tron Network Sees Significant Revenue Growth in 2024

According to recent data, the Tron network’s revenue reached a total of $2.12 billion in 2024, representing a 115% increase compared to the previous year. This substantial growth is a testament to the network’s expanding user base and increasing adoption.

TRX Revenue Surges by 115.73%

Data from Tron Scan showed that revenue gained from users purchasing TRX on the Tron network reached $329.57 million in 2024, increasing by 115.73% compared to 2023. This significant surge in revenue is attributed to the growing demand for TRX, the native token of the Tron network.

Tron Network Sees 40% Increase in Revenue in December

In the final leg of 2024, the Tron network experienced a notable increase in revenue, with a nearly 40% surge in December. According to data, Tron network’s revenue reached $329.57 million in the past 30 days.

TRX Token Reflects Similar Growth

In the past year, Tron’s native token TRX reflected a similar growth, increasing by more than 140.8%. This significant growth is a testament to the network’s expanding user base and increasing adoption. TRX reached an all-time high on December 4, trading at $0.43.

Market Cap and Trading Volume

A day before hitting its all-time high, Tron’s market cap surpassed the $20 billion threshold. The TRX token’s trading value also doubled to $2.3 billion during that period. At the time of writing, TRX is trading hands at $0.25, maintaining a market cap of $22.09 billion alongside a 24-hour trading volume of around $978 million.

Total Value Locked (TVL)

Data shows that Tron has a total value locked (TVL) amounting to $7.38 billion. Although the Tron network has achieved significant milestones, it still falls short of entering the top 10 protocols ranked by fees.

Ranking Among Protocols

According to data, Tron sits at number 11 on the leaderboard in terms of revenue, falling behind major protocols such as pump.fun, Lido, PancakeSwap, Ethereum, and Solana. Tether continues to reign as the number one protocol with a revenue of $5.25 billion, followed by Circle and Uniswap.

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