Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Tron reaches record revenues of 577 million dollars in Q3, surpassing Bitcoin and Ethereum

Published

on

tron-reaches-record-revenues-of-577-million-dollars-in-q3,-surpassing-bitcoin-and-ethereum

In the third quarter of 2024, the Tron blockchain set a new revenue record, reaching $577.2 million, positioning it as one of the top-performing blockchains during the period, even surpassing Bitcoin and Ethereum in quarterly revenue. This achievement underscores Tron’s operational efficiency and growing popularity, driven by three key factors:

1. High Staking Activity: Staking contributed to 74% of Tron’s revenue. TRX holders locked their tokens to participate in transaction validation and network security, earning competitive rewards, which attracted more participants to the platform.

2. TRX Burning: The burning of TRX tokens accounted for 26% of the revenue. This process reduces the total supply of tokens, increasing their value and bolstering investor confidence.

3. Ecosystem Expansion: Tron’s ecosystem continued to grow with a range of decentralized applications (dApps) across DeFi, NFTs, and blockchain gaming, driving increased transaction volume and revenue.

Advertisement

Tron’s scalability and use of the Delegated Proof of Stake (DPoS) consensus mechanism allowed it to efficiently handle large transaction volumes at low costs, surpassing Ethereum and Bitcoin in revenue for Q3. This, coupled with its sustainable user incentives and network innovations, positions Tron for continued growth and prominence in the blockchain sector.

Source: en.cryptonomys.ch

The post Tron reaches record revenues of 577 million dollars in Q3, surpassing Bitcoin and Ethereum appeared first on HIPTHER Alerts.

Continue Reading
Advertisement

Blockchain

Torram Unveils Groundbreaking Infrastructure Tailored to Usher in a New Era of Bitcoin DeFi

Published

on

torram-unveils-groundbreaking-infrastructure-tailored-to-usher-in-a-new-era-of-bitcoin-defi
Continue Reading

Blockchain

CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival

Published

on

Continue Reading

Blockchain

PropW Announces Gold Sponsorship at WOW Summit Thailand

Published

on

propw-announces-gold-sponsorship-at-wow-summit-thailand
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE