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Cryptocurrency News Articles

Tron Blockchain Generated $1.36B in Fees Over the Past Six Months, Marking a Key Milestone in Its Development

Jan 10, 2025 at 01:30 pm

Over the past six months, Tron blockchain has made significant strides by generating $1.36 billion in fees, marking a key milestone in its development.

Tron Blockchain Generated $1.36B in Fees Over the Past Six Months, Marking a Key Milestone in Its Development

Tron (TRX) Surges Past ETH in Fee Generation, Hitting $1.36 Billion in H1 2025

Tron (TRX) has made significant strides over the past six months, generating an impressive $1.36 billion in fees, a key metric that showcases the platform’s growth and performance. This achievement highlights Tron’s leading position among Layer 1 blockchains, surpassing other networks and underscoring its increasing presence in the digital landscape.

The surge in fee generation reflects the growing adoption of decentralized applications (dApps) and smart contracts within the Tron ecosystem, indicating an increasing demand for its services and a robust user engagement rate.

According to data from TronScan, the platform's enhanced fee generation is crucial, as it signifies increased network activity. The uptick in fees signals sustained interest and participation in the Tron ecosystem, with the network benefiting from a range of activities including trading, decentralized finance (DeFi), and dApp interactions. This development has brought attention to Tron’s native token, TRX, which experienced substantial trading volume spikes during the period.

On January 8th, 2025, TRX’s trading volume increased by over 9%, reaching $1.25 billion. This growth in trading activity coincides with the introduction of SunPump, a memecoin trading platform on the Tron blockchain. The platform's launch contributed to increased trading and visibility for TRX, as well as the overall growth of the Tron network.

Recent data from TokenTerminal reveals that Tron outperformed Ethereum in terms of fee generation. As of January 7th, 2025, Tron generated over $54 million in fees compared to Ethereum's $37 million, highlighting Tron's growing dominance in the Layer 1 blockchain sector.

Despite a slight drop of 1.05% in total protocol revenue (TPR) over the past 24 hours, the network has shown significant year-over-year growth. Tron's TPR reached $2.18 billion over the past year, indicating a 117% increase. Additionally, the Tron network recorded an average of 2.71 million daily active accounts in the past month, while daily transactions experienced a dip of 7.6% to reach 7.32 million.

#TronMemeSeason is on the way ???!!!!$TBULL X $SUNDOG @justinsuntron take all $Trx memes to the $sun 🌞 pic.twitter.com/JglSGoAcJm

— FrostMan (@MoneyFrostMan) January 7, 2025

The rise in transaction volume and user activity can be partly attributed to the success of SunPump's memecoin generator, which helped raise an additional $1.4 million in revenue. The number of active addresses on Tron also saw an increase, with over 2.29 million active addresses recorded during this period.

Tron also made impressive strides in the stablecoin sector. On January 6th, the network processed over $108 billion in stablecoin transactions, with its stablecoin supply growing to $62 billion, which now comprises nearly 38% of the total stablecoin market. This increase in stablecoin market cap positions Tron second only to Ethereum, reflecting the network's growing influence in the digital asset space.

Moreover, the rise of Tether (USDT) transactions on Tron is noteworthy. The number of Tether holders on the Tron blockchain surpassed 58.9 million, with over 2.15 million transfers recorded. Notably, over 60% of USDT volume occurs on Tron, highlighting the platform's dominance in stablecoin transactions.

In 2024, Tron processed over 749 million transfers, showcasing its ability to handle high transaction volumes. The launch of USDD, a decentralized stablecoin backed by the Tron DAO, also contributed to the platform's growth. Since gaining statutory recognition as a medium of exchange in the Commonwealth of Dominica in 2022, USDD’s market cap has crossed $747 million.

News source:www.cointrust.com

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