Tron Network Surpasses Bitcoin and Ethereum with $577.2M Q3 Revenue, 43% Growth

Oct 3, 2024, 07:10 AM

The Tron Network has achieved a remarkable $577.2 million in revenue for Q3, surpassing major blockchains such as Bitcoin and Ethereum. This significant revenue generation is attributed to a booming stablecoin market and the success of TRON’s memecoin platform, SunPump. According to Tronscan data, TRON's Q3 revenue reflects a 43% growth. Founder Justin Sun credits the growth to increased stablecoin activity and the platform's new ventures into memecoins. Comparatively, TRON generated 2x more revenue than Ethereum ($253M), 5x more than Solana ($105M), and 9x more than Bitcoin ($57M). A massive 74% of that cash flow is from stablecoins.