Tron Revenue Hits $35.4M in 30 Days, Overtakes Ethereum YTD

Published: 2025-11-12 22:39:15 |

Tron revenue surged to $35.4M over the past 30 days, nearly four times Ethereum’s $9.1M, according to DefiLlama data. In the last 24 hours, Tron earned $1.21M in protocol fees, outpacing Base’s $196,494 and Ethereum’s $146,786. This Tron revenue acceleration is fueled by stablecoin activity—USDT transfers represent over 55% of volume—on its low-cost, high-throughput network that channels transaction fees directly into protocol revenue. Year-to-date, Tron has collected $2.15B in fees, edging past Ethereum’s $2.48B as Layer-2 scaling dilutes base-layer fee capture. Traders should watch Tron’s stablecoin flows and TRX demand for potential trading opportunities in emerging markets.

Bullish

The strong revenue growth on Tron, driven by stablecoin volume—especially USDT—demonstrates robust network demand and consistent protocol fee capture. The surge in daily and monthly protocol fees indicates increasing on-chain activity, which typically raises demand for TRX tokens to pay fees. In the short term, traders may respond to positive sentiment and network usage metrics by buying TRX, pushing prices higher. Over the long term, as Tron continues to outpace Ethereum in revenue and attracts emerging-market users with low-cost transactions, sustained demand for TRX could support a bullish price trend.