2024-08-16
Over the past 90 days, the Tron network’s
transaction fees and revenue increase, reflecting its robust on-chain activity.
During this period, Tron generated $435
million in fees, surpassing Ethereum's fee revenue of $364 million.
This growth is driven by a massive
volume of stablecoin transactions, particularly with USDT, which accounted for
a substantial portion of Tron's revenue.
According to the data from Token
Terminal, Tron accrued approximately $435 million in fees, while Ethereum’s fee
revenues were about $364 million.
This significant achievement was
highlighted by Tron founder Justin Sun, who also mentioned that Tron’s protocol
revenue could surpass $2 billion this year if the current trend continues.
Additionally, the Tron network saw a
surge in USDT settlements, reaching nearly one-third of Visa’s total settlement
volume for the second business quarter of 2024, which amounted to a staggering
$1.25 trillion in transaction settlements.
This positions Tron as a major player
in the stablecoin settlement space, especially Justin Sun announced the
development of a gasless stablecoin in July 2024, aimed at facilitating
fee-free peer-to-peer stablecoin transactions.
Tron is the 2nd largest
blockchain by total value locked. It currently has $7.496 billion in TVL. Tron
(TRX) is the 11th largest blockchain by market cap. It currently has
a market cap of $11.299 billion.
