Tron Network Achieves $577.2 Million in Q3 Revenue, 74% from Staking, Surpassing Bitcoin and Ethereum

Oct 3, 2024, 01:03 AM

The Tron Network has achieved a significant milestone by generating $577.2 million in revenue for the third quarter of 2024, surpassing major cryptocurrencies such as Bitcoin, Ethereum, and Solana. This remarkable performance is primarily driven by a booming stablecoin market and a recent venture into memecoins. A substantial 74% of the revenue came from staking activities, while the remaining 26% was derived from burning. Tron’s Q3 revenue of $577.2 million, surpassing the previously reported $566 million, marks a notable achievement in the cryptocurrency space.