Over the past six months, Tron blockchain generated fees totaling $1.36B to achieve a significant milestone, topping all Layer 1 blockchains. The achievement reflected Tron’s increased market presence and user engagement within its ecosystem, indicating growing demand for its services.
TronScan’s data showed that the substantial fee generation was a testament to the increased adoption of dApps (decentralized apps) and smart contract functionality on the Tron network. The trading implications of this development were multifold, and they arguably placed Tron at the top of the L1 sector.
The high fee revenue demonstrates increased network activity, implying a consistent interest in the Tron ecosystem. Therefore, the Tron blockchain’s native token, TRX, became an attractive asset for memecoin traders. Tron native token TRX experienced notable trading volume spikes over the past six months.
TRX’s trading volume demonstrates increased interest in the Tron blockchain
The latest data from TronScan showed that TRX’s trading volume rose by over 9% to $1.25 billion on January 8th, 2025. The surge in trading volume reflected a growing interest in the Tron network, likely sparked by the introduction of Sunpump – a memecoin trading platform based on the Tron ecosystem.
TokenTerminal data revealed that as of January 7th this year, Tron had generated over $54 million in fees. The revenue made Tron the most profitable L1 blockchain. Tron outperformed Ethereum, which generated only $37 million in fees.
According to TronScan, Tron’s total protocol revenue (TPR) dropped 1.05% in the past 24 hours to $9.79 million. The TPR grew to $295.43 million (+0.19%) in the past 30 days, $792.36 million (+36.67%) in the last three months, and $2.18 billion (+117.26%) in the past year. Daily active accounts on Tron averaged 2.71 million in the past month, while daily transactions dipped 7.6% to an average of 7.32 million over the past 30 days.
Tron thrives in the memecoins and stablecoins sectors
Coingecko’s data confirmed that Tron blockchain had benefited greatly from the launch of SunPump’s memecoin generator. Launching the SunPump meme coin generator increased Tron’s revenue by about $1.4 million, while the number of its 24-hour active addresses grew to an average of 2.29 million.
There were hundreds of memecoins – led by Sundog, Tron Bull, and Tron Bull – with a market cap of ~$152 million.
Tron blockchain is also performing well in the stablecoin sector, as the network handled stablecoin transactions worth over $108 billion on January 6th. Tron’s stablecoin supply has surged to $62 billion, accounting for nearly 38% of the total stablecoin market valued at $161.1 billion. The increase in Tron’s stablecoin market from last year’s $46.6 billion positioned the network second behind Ethereum. Tron’s stablecoin market cap is currently at over $58 billion.
The number of Tether holders on the Tron blockchain surpassed 58.9 million, while the number of transfers reached 2.15 million. Over 60% of USDT volume consistently occurred on Tron. The Tron network accomplished an incredible record in 2024, processing over 749 million transfers at an average of 2.05 million daily transfers.
Tron DAO-backed USDD decentralized stablecoin has unveiled version 2.0 beta on the Tron blockchain. Since being granted statutory status as a medium of exchange in the Commonwealth of Dominica in October 2022, USDD stablecoins have risen to over $747 million in market cap.
Tron’s revenue growth was impressive, and the ecosystem was well-positioned to rise as demand for its digital assets increased. However, its success comes down to adapting to the ever-changing blockchain landscape. Tron will need to maintain its momentum in 2025 as it continues to grow. The platform is gaining popularity in games and DeFi. Such success reflects Tron’s unique ecosystem, which still attracts developers and users to the market.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
