Tron's Q3 revenue reached $566 million in 2024, surpassing Bitcoin and Ethereum networks

According to Cryptodnes, Tron's revenue reached $566 million in the third quarter of 2024, surpassing major competitors such as Ethereum, Solana and Bitcoin. This is a 43% increase compared to the previous quarter, with annual revenue potentially reaching $1.66 billion, an increase of 113% year-on-year.

Tron's growth is mainly attributed to its stablecoin activities and growing Meme coin market. Tron holds a 34.8% share in the stablecoin market, supplying $59.8 billion worth of stablecoins, primarily USDT. Tron's low fees and fast transactions are popular in emerging markets, especially in Nigeria and Argentina.

In addition, the launch of SunPump has boosted its network activity with daily transaction volumes exceeding eight million times.