Tron Surpasses Ethereum with $435M Revenue, Dominates USDT Metrics

Aug 16, 2024, 08:54 AM

In a significant development within the cryptocurrency sector, the Tron network has surpassed Ethereum in revenue over the past 90 days. Tron generated approximately $435 million in fees, outpacing Ethereum's $364 million, according to data from Token Terminal. This achievement highlights Tron's growing influence in the crypto market, particularly in developing countries where its centralized nature and high fees have not deterred users. The network's success is further underscored by its dominance in USDT usage metrics over Ethereum, including supply, holders, and transfer volume. Tron's founder, Justin Sun, has indicated a potential 50% revenue boost over Ethereum, projecting a $2 billion annual revenue if current trends persist. The network's increasing market share in the stablecoin industry is attributed to its soaring adjusted USDT stablecoin transfer volumes. Tron's performance is reflected in the trading of its native token, $TRX, in comparison to Ethereum's $ETH.