Catenaa, Monday, January 6, 2025 – Tron (TRX) solidified its position as a blockchain industry leader in 2024, generating a record $2.12 billion in annual revenue, surpassing Ethereum and Solana, according to data from CryptoDep.
December marked a significant milestone for Tron, with its token reaching an all-time high of $0.44 before retreating to $0.25 amid a broader post-Christmas market slump. Despite the price drop, Tron’s revenue surged 39.7% over the last month, bringing its 90-day total to $764.11 million.
A major factor behind Tron’s success has been the rapid growth of SunPump, its token launcher platform for meme coins. Introduced in August, SunPump witnessed a flurry of activity that contributed significantly to the network’s revenue growth. Over the year, Tron’s earnings climbed by more than 115% year-on-year.
Ethereum followed closely, generating $2 billion in revenue for 2024. Meanwhile, Solana, despite boasting a market cap of $90.9 billion and impressive 3,028% growth, lagged behind Tron in revenue. Emerging platforms like Arbitrum and Optimism posted considerably lower figures, with $44.7 million and $37.9 million, respectively.
Market analysts suggest TRX could face resistance at $0.40 and $0.49, as speculation around initiatives by Tron founder Justin Sun and asset manager Grayscale builds.
