- TRON Network achieved a significant milestone, reporting $2.12 billion in revenue, a 115.73% increase from last year.
- Despite challenges, the TRON network remains strong, with TRX showing a 22.50% monthly gain, signaling the potential for future growth.
TRON Network is ending 2024 on a high note, with a remarkable revenue milestone of $2.12 billion, as announced by Lookonchain on December 30. That marks an impressive 115.73% growth compared to last year. Diving deeper into recent performance, the platform raked in $329.67 million in revenue in December, a 39.74% increase from November.
Over the past 30 days, the #TronNetwork generated $329.57M in revenue, a 39.74% increase compared to the previous month.
In 2024, the #TronNetwork’s total revenue has reached $2.12B, reflecting an impressive 115.73% growth from last year.https://t.co/Q3YRJa7JuB pic.twitter.com/hjtnewGfa1
— Lookonchain (@lookonchain) December 31, 2024
TRON’s transaction volumes have also stood out, surpassing rival networks amidst the waning popularity of the TON network. This shift in momentum has positioned TRON as a leader, capitalizing on increased market activity and its own efficiency. Meanwhile, the TRX token continues to capture investor attention, with analysts pointing to its movement out of the ‘overbought’ zone as a precursor to potential price hikes.
As institutions and retail investors flock to TRON, USDT activity on the network emerges as a key driver. Retail crypto traders have increasingly leveraged TRON’s ecosystem, pushing volumes higher during a broader market rally.
TRON Gains Popularity as Rivals Slow Down
Institutional backing has also played a critical role in TRON’s rise. Market inflows have surged, fueled by declining momentum in competing ecosystems and heightened activity from Tether. According to crypto analysts on CryptoQuant, the network’s efficiency has cemented its place as a favorite for retail and institutional players alike.
Notably, the TRON Network recorded monthly transaction volumes of $182 million in October, $167 million in November, and $135 million in December, according to a CryptoQuant report. These numbers underscore the network’s growing appeal and sustained performance during an otherwise volatile market phase.
However, the year wasn’t without challenges. TRON experienced a significant market correction, with TRX plummeting 40% after hitting an all-time high of over $0.45 following the U.S. elections. Despite the setback, analysts noted a surge in on-chain activity and bullish indicators for the asset.
TRX Gains 22% In A Month — Indicators Hint Further Momentum
At the time of writing, TRX is trading at $0.2553, marking a 0.32% decline in the last 24 hours. The token has not gained much momentum in the last week, gaining only 1.52% in the period. However, zooming out on a monthly frame, the token gained an impressive 22.50%.
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Looking ahead, custom indicators combining RSI and MACD reveal that TRX may continue to trend positively. A movement away from the overbought zone suggests improved market health, providing optimism for a rally in 2025. Institutional investors and crypto whales appear to be repositioning for potential gains, signaling confidence in TRON’s long-term prospects.
Meanwhile, TRON founder Justin Sun made headlines with a $30 million investment in Donald Trump’s World Liberty Finance. While controversial, the move demonstrated Sun’s willingness to leverage high-profile opportunities for market influence.
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