TRON Takes the Lead in Crypto Fees, Nearly Doubles Solana’s Monthly Haul

• Last month, TRON earned $53.16 million in collected fees
• In the last 24 hours, the blockchain had approximately $1.86 million in fees
• In February, the TRON network had more than 290 million accounts

According to DefiLama, TRON holds the top ranking in fee collection for the past month. The big user base surely helped, since in February, the TRON network reached over 290 million activated account addresses. DefiLama’s data further reveals that the TRON blockchain generated approximately $1.86 million in fees in just a single day.

Looking at the overall figures for the last month, TRON had $53.16 million in collected fees, which is almost double what Solana had in second place with $31.7 million. The top three ends with Ethereum, whose fees collected were just shy of $25 million.

How Did TRON Become the Leader in Fee Collection?

Lately, TRON has been doing rather well, with positive news month after month. For instance, in October 2024, it surpassed $200 million in transaction fees, marking the highest monthly revenue in its history. This trend continued into November, with fees totaling over $180 million.

In addition, TRON has become a significant hub for stablecoin activity. Notably, two months ago, it recorded the largest weekly stablecoin gain among blockchain networks, with an influx of $592.16 million in seven days.

It seems that users appreciate the blockchain’s efficiency and adoption as TRON’s delegated proof-of-stake (DPoS) consensus mechanism allows for high transaction throughput and low fees, making it attractive for decentralized applications (dApps) and users seeking efficient transactions. 

As of December 2024, TRON processed approximately 127 transactions per second (TPS), surpassing both Ethereum and Bitcoin in speed.

What’s Next for TRON

The blockchain has solidified itself as a major player in the stablecoin ecosystem, particularly with Tether (USDT) transactions. If this trend continues, TRON could further dominate the cross-border payment and remittance markets, given its low-cost and high-speed transactions.

Of course, there’s always a challenge with regulations in markets such as the US and EU, especially considering stablecoins. Depending on how TRON navigates these issues, it will likely determine its long-term position in this sector.

With TRON’s high transaction speeds and growing TVL (total value locked) in DeFi, more institutions and developers may turn to the network for real-world asset (RWA) tokenization, DeFi applications, and gaming projects.

Arguably, the biggest challenge right now is its regulatory standing. Founder Justin Sun has faced legal scrutiny from the SEC in the past, and any further regulatory actions against TRON or its associated projects could impact adoption and development.