TRX Price Steady Amid Tron’s Revenue Outperformance

The Tron network has continued to outshine Ethereum in terms of revenue, with its native cryptocurrency, TRX, maintaining a steady price on Tuesday, January 2. TRX was trading at $0.2691, slightly above its December low of $0.2237.

Tron’s Revenue Surpasses Ethereum

According to recent data, Tron has generated over $54 million in fees this year, making it the second-most profitable token after Tether (USDT). In contrast, Ethereum (ETH), which has long dominated in terms of fees, has earned just $37 million.

This trend is a continuation of a pattern that began in late 2024 when Tron’s network fees surged. Over the last 180 days, Tron’s fees amounted to $1.8 billion, significantly higher than Ethereum’s $822 million during the same period.

Network Activity and Stablecoins

Tron’s network has benefited from the launch of SunPump’s meme coin generator. With hundreds of SunPump tokens and a market cap of over $152 million, the biggest ones include Sundog, Tron Bull, and Tron Bull Coin.

In the stablecoin sector, Tron has also shown notable performance. On Monday, the network handled stablecoin transactions worth over $108 billion, with the number of transfers reaching 2.15 million. The number of Tether holders on Tron has now surpassed 58.9 million.

On-Chain Metrics and Staking Yield

Tron’s on-chain metrics remain notable, with the network ranking as one of the most deflationary tokens in the crypto industry. On Monday, over 8.3 million tokens were burned, bringing the total supply down to 86.19 billion, compared to 88.3 billion tokens a year ago.

Tron stakers benefit when fees are rising at a time when the number of tokens are falling. The staking yield stands at 4.53%, higher than Ethereum and Binance Coin (BNB).

TRX Price Analysis

The weekly chart shows that TRX has risen for three consecutive weeks as investors sought to buy the dip. It remains above the key resistance level of $0.1842, which was its previous all-time high. The token is also trading above an ascending trendline that connects the lowest levels since November 2022.

Key takeaways for TRX price analysis:

  • TRX is above the 50-week moving average.
  • The MACD and the Relative Strength Index have pointed upward.
  • The token is likely to continue its upward trend as buyers target the psychological resistance level at $0.40.
  • The bullish outlook would be invalidated if the price drops below the support at $0.1842.

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