Justin Sun’s Tron has crossed the important psychological point of $1 billion in revenue as its momentum accelerated.
Tron has become the second most profitable network in the cryptocurrency industry, after Tether, which has generated $1.48 billion this year.
It has become more profitable than other popular layer-1 networks, such as Ethereum, Solana, and BSC. Ethereum has made $235 million in fees, while Solana and BSC have collected $390 million and $80 million, respectively.
Tron has generated $2.6 billion over the last 365 days, surpassing Ethereum’s $1.36 billion, while Solana and BSC have made $1 billion and $195 million, respectively, in the same period.
Its growth has continued as its market share in the stablecoin sector has soared. Tron has become the biggest player in Tether processing. TronScan data indicate that the network processed a Tether volume worth over $40 billion on Sunday. It handles over $1 trillion in Tether tokens a month. Tron takes a small fee for every USDT transaction it handles.
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Tron’s fees have also increased due to the rising number of transactions. Data shows that the number of TRX transactions in the last 24 hours exceeded 6.8 million, bringing the total number of transactions to over 10.16 billion. Its total transfer volume jumped to over 17 trillion.
Tron has become one of the most active players in the crypto industry. Its active addresses rose slightly by 1.1% in the last 30 days to over 13.8 million. The number of transactions in the last 30 days was approximately 250 million.
The rising Tron fees have also led to higher staking inflows. Tron boasts a staking yield of 4.63%, and its staking market cap has surged to $9.85 billion. Its staking inflows rose by 194 million TRX, equivalent to $48 million, in the last 30 days.
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