News Scrap

Tron blockchain network surprised all the leading crypto blockchain networks with its revenue report.

Tron ($TRX) is a popular Proof-of-Stake (PoS) crypto network known for better scalability and high network speed to process transactions. Currently, thousands of crypto tokens are running on the Tron blockchain network, but only a dozen tokens are popularly in use.

As per the latest available data on Tronscan, Tron brought in $577.2 million worth of revenue in Q3, with 74% of its revenue coming from staking while 26% came from burning.

Tron founder Justin Sun said that TronDao leaders are more confident with this increase in revenue and expect more rapid growth in the upcoming quarter.

The revenue data for TRON Q3 has been released. The total revenue for Q3 is $577 million, the highest since the inception of the protocol, representing a 43% increase compared to Q2. We are confident that Q4 will see even more growth compared to Q3! https://t.co/EZR1lAvhnA pic.twitter.com/IYEaDWrhBo

— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 2, 2024

It is worth noting that TronDao’s latest revenue is 2 times more than the Ethereum (ETH) blockchain, and five times more than Solana (SOL).

Meme Token Trend

As we know, the majority of meme tokens are gaining huge attention among crypto investors, and many crypto projects are adopting meme trends to gain popularity quickly.

Justin Sun took this trend seriously and launched his SunPump Meme Coin Launchpad. SunPump has captured the attention of degen traders.

Notably, in the last 24 hours, more than 13,000 tokens were launched via this launchpad.

TRX Price Action

The current trade price of $TRX coin is $0.15, and this price is 22% higher over the last 3 months. Notably, the latest news around TronDao’s revenue report failed to have a significant impact on the trade price of the TRX coin.