According to the data, Tron’s third-quarter revenue came from staking activities at 74%, while 26% came from coin burning transactions. Tron’s total revenue exceeded Bitcoin’s $56.3 million and Ethereum’s $256 million, demonstrating great success.

Tron also has a large share in the stablecoin market and stands out as the second largest blockchain after Ethereum. Tron controls 35% of the $172 billion stablecoin market and has gained popularity especially in emerging markets such as South America and Africa with transactions dominated by Tether (USDT).

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Tron founder Justin Sun’s entry into the memecoin industry also contributed to the network’s revenue. The memecoin platform SunPump generated $1 million in revenue in 11 days, bringing its total revenue to $5.4 million. Tron recorded its biggest daily revenue on August 21, with a $1 billion USDT injection from Tether on August 20, bringing its revenue to $5.4 million in a single day.

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