cryptonewsz.com
The Tron blockchain has seen its protocol revenue surge by nearly 1000% over the past two years, according to a recent announcement by founder Justin Sun.
This surge has catapulted the Tron network from a modest $24 million in revenue to an impressive $220 million.
Since September 2022, Tron protocol revenue has increased nearly 1000% over two years, rising from 24 million to 220 million! 🤯 pic.twitter.com/nIDhpAUCYx
— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 7, 2024
The explosive growth in protocol revenue is mirrored by Tron’s robust Total Value Locked (TVL) figures. Data from DefiLlama shows that Tron currently boasts a TVL of $7.288 billion.
TON token price stays positive
Tron’s native token, TON, has not been left behind in terms of price. Recent data from CoinGecko paints a picture of steady growth across multiple timeframes:
- 24 hours: 1.1% increase
- 7 days: 0.1% increase
- 30 days: 3% increase
- 1 year: 77% gain so far
This consistent upward trajectory, particularly the 77% annual increase, reflects growing investor confidence in Tron’s long-term prospects.
The dramatic increase in protocol revenue can be attributed to several factors. Tron’s focus on scalability and low transaction costs has made it an attractive platform for developers and users alike.
The network’s push into decentralized finance (DeFi) and stablecoins has also played a crucial role in driving adoption and usage.
Furthermore, strategic partnerships and integrations have expanded Tron network’s reach and utility. All these features boosted transaction volumes and, consequently, revenue.