Tron network achieves $2 billion in revenue in 2024
Tron boosts revenue by 115% in 2024
In 2024, the Tron network achieved remarkable revenue milestones, totaling $2.12 billion for the year.
This figure represents a more than 115% increase compared to 2023, underscoring the network's strong performance amid a competitive cryptocurrency landscape. Notably, the revenue generated from TRX token purchases on the network reached $329.57 million, marking a substantial 115.73% increase from the previous year, according to data from Tron Scan, reports crypto.news.
Tron’s growth trajectory accelerated in the final month of 2024, with revenue surging by nearly 40% in December alone. Lookonchain data revealed that the network’s revenue for the past 30 days of the year was consistent with this rise, further solidifying the momentum going into 2025.
This uptick reflects the strong adoption of the network and its expanding user base, which has contributed to a dynamic year for the platform.
TRX token growth and market capitalization
The TRX token, Tron’s native cryptocurrency, mirrored the network's success with a notable 140.8% increase in value over the year. On December 4, TRX hit an all-time high of $0.43, driven by a market cap that surpassed the $20 billion mark.
During this period, the token’s trading value doubled to $2.3 billion, showcasing the growing investor confidence in the Tron ecosystem. Although the token has since retraced to $0.25, it has maintained a robust market cap of $22.09 billion and boasts a 24-hour trading volume of $978 million, highlighting its continued significance in the crypto market.
Position in the DeFi landscape
Despite its impressive growth, Tron still faces challenges in breaking into the top 10 protocols ranked by fees, according to data from DeFi Llama. It currently sits at number 11, trailing behind established platforms like Ethereum, Solana, and PancakeSwap. However, with a total value locked (TVL) of $7.38 billion, Tron remains a strong player in the decentralized finance (DeFi) space.
Previously, TRON (TRX) has delivered an unexpected rally, climbing 32% over the past month despite a recent 7.43% decline to $0.2707.
