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Over the past six months, Tron blockchain generated fees totaling $1.36B to achieve a significant milestone, topping all Layer 1 blockchains. The achievement reflected Tron’s increased market presence and user engagement within its ecosystem, indicating growing demand for its services.
TronScan’s data showed that the substantial fee generation was a testament to the increased adoption of dApps (decentralized apps) and smart contract functionality on the Tron network. The trading implications of this development were multifold, and they arguably placed Tron at the top of the L1 sector.
The high fee revenue demonstrates increased network activity, implying a consistent interest in the Tron ecosystem. Therefore, the Tron blockchain’s native token, TRX, became an attractive asset for memecoin traders. Tron native token TRX experienced notable trading volume spikes over the past six months.
The latest data from TronScan showed that TRX’s trading volume rose by over 9% to $1.25 billion on January 8th, 2025. The surge in trading volume reflected a growing interest in the Tron network, likely sparked by the introduction of Sunpump – a memecoin trading platform based on the Tron ecosystem.
TokenTerminal data revealed that as of January 7th this year, Tron had generated over $54 million in fees. The revenue made Tron the most profitable L1 blockchain. Tron outperformed Ethereum, which generated only $37 million in fees.
According to TronScan, Tron’s total protocol revenue (TPR) dropped 1.05% in the past 24 hours to $9.79 million. The TPR grew to $295.43 million (+0.19%) in the past 30 days, $792.36 million (+36.67%) in the last three months, and $2.18 billion (+117.26%) in the past year. Daily active accounts on Tron averaged 2.71 million in the past month, while daily transactions dipped 7.6% to an average of 7.32 million over the past 30 days.
#TronMemeSeason is on the way ???!!!!$TBULL X $SUNDOG @justinsuntron take all $Trx memes to the $sun
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