The Tron Network has attracted attention in the cryptocurrency sector after recording a significant revenue increase, becoming the most productive network among its competitors.
Tron Network Outperforms Ethereum and Solana
Recently, the Tron Network generated an impressive $1.142 million in a single day. This eclipsed the revenues of all other blockchains, including Ethereum, which brought in only $174,677, just over 15% of Tron's earnings. Solana, the closest to Tron, garnered $175,708. In total, Tron has earned $49.2 million in the last 30 days, more than three times higher than Ethereum's $14.78 million and ten times Solana's $4.61 million.
Stablecoins on Tron Network
According to data from DefiLlama, Tron is clearly outpacing other networks, and this is not random. A significant amount of stablecoin is supported by Tron, and the blockchain has become the foundation of the USDT (Tether) ecosystem. This has led to increased transaction volumes on the network. Developers are likely to be attracted to the Tron blockchain due to high fees and steady income. Consistent stablecoin transfers are crucial to maintaining high throughput on the network, setting it apart from others where activity spikes only during speculative rallies.
Tron Inc. Investments in TRX
Another factor contributing to the positive perception of the Tron ecosystem is institutional demand. In the first week of September, Nasdaq-listed Tron Inc. expanded its cryptocurrency treasury by adding $110 million worth of TRX tokens. The company's total TRX holdings now exceed $220 million, solidifying its position as the largest public holder of this asset. This move was facilitated by the largest shareholder, Bravemorning Limited, injecting $110 million to acquire 312.5 million tokens, now holding about 86.6% of the firm. 'With this additional $110 million investment from our largest shareholder, Tron Inc. has strengthened its position as the largest public holder of TRX tokens,' stated Tron Inc. CEO Rich Miller.
The Tron Network is demonstrating impressive results, surpassing its main competitors, which may draw the attention of investors and developers in the cryptocurrency space.
