Tron (TRX’s) price hit an all-time record of $0.44 during the first week in December 2024. This was amidst a bull market that accelerated after Donald Trump won the presidential election. TRX has returned to 10th place by market cap, bringing a feeling of renewal to the community. However, its price is still struggling, having fallen over 43% since its new peak, and remaining at $0.25 for almost two weeks.
Tron has seen its monthly revenues steadily increase despite this.
Tron Tops Revenue Rankings
Latest reports findings by Lookonchain, the Tron network has seen a significant surge in revenue over the past 30 days, reaching approximately $330 million – an increase of 39.7% compared to the previous month. The revenue reached $764.11 over the last 90 days.
Tron will be available in the third quarter 2024. recorded SunPump’s rapid success as a token launcher for meme coin can be blamed for the significant surge in revenues. SunPump began to gain traction in August, with the activity increasing dramatically over the next two weeks.
This growth is reflected in the total network revenue of $2.12billion for 2024. That’s an increase of more than 115% on a year-on-year basis. CryptoDep data confirms this. shows Tron is expected to top the charts of blockchain revenues in 2024. Tron now has $2 billion more revenue than Ethereum.
Solana is still far behind Tron, in terms of revenue, even with its 3,028% annual growth rate and market capitalization of $90.9 billion. Base, as well as other blockchains such Optimism and Arbitrum with their respective $44.7 and $37.9 millions, lag behind.
A Bullish Reversal For TRX?
TRX suffered significant losses after Christmas, but the market overall turned negative. It’s been quiet for crypto during the holiday season, but there could be a bottom in sight.
Resistant zones anticipated At $0.40 or $0.49. Community interest has been sparked by speculations regarding asset manager Grayscale and Tron co-founder Justin Sun’s latest initiatives.
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Source: cryptopotato.com
