TechFlow news, according to Cryptodnes, Tron generated $566 million in revenue during the third quarter of 2024, surpassing major competitors such as Ethereum, Solana, and Bitcoin. This marks a 43% increase compared to the previous quarter, with annual revenue reaching approximately $1.66 billion, up 113% year-on-year.
Tron's growth is primarily driven by its stablecoin activity and the expanding meme coin market. Tron holds a 34.8% share of the stablecoin market, issuing $59.8 billion in stablecoins, predominantly USDT. Tron's low fees and fast transactions have gained significant popularity in emerging markets, particularly in Nigeria and Argentina.
In addition, the launch of SunPump has boosted network activity, with daily transaction volumes exceeding 8 million.
