Tron (TRX) network has registered an impressive revenue increase in 2024, driven by active TRX token purchases.
Steady Growth and Market Milestones
Data from Lookonchain also shows a revenue spike in December, with a 40% increase reaching $329.57 million in 30 days, highlighting the asset's consistent growth. In 2024, Tron's token hit an all-time high of $0.45, rising significantly from $0.22. The last ATH was in January 2018. Experts attribute this surge to a bullish 'altcoin season' trend.
Tron Metric Signals Investors’ Confidence
According to DeFiLlama, Tron’s Total Value Locked reached $7.47 billion, indicating strong investor confidence. However, Tron ranks 11th in fees, trailing behind assets like Ethereum and Solana. Currently, TRX trades at $0.2563, a 2.25% increase in the last 24 hours. Market volume has dropped to $779.33 million, but its market cap stands at $22.09 billion.
Justin Sun’s Vision for 2025
In December, Tron's founder Justin Sun made a statement about the future direction of the asset, suggesting Tron may benefit from anticipated shifts in the cryptocurrency landscape following Donald Trump's inauguration. Some suggest a pro-crypto stance from the new administration. Sun referenced MicroStrategy, but his development plans remain unclear.
Tron network concluded 2024 with strong results, showing significant revenue growth and increased investor confidence. Going forward, the focus will be on development and changes in the cryptocurrency landscape.
