Tron Dominates Other Chains with $1.42M in 24-Hour Revenue, But TRX Remains Subdued

Tron, the blockchain network founded by Justin Sun, is experiencing a surge in revenue generation. According to recent data, the network recorded $1.42 million in revenue over the last 24 hours. This has pushed it into position #1 in terms of revenue surpassing all other chains

Nevertheless, even though Tron has seen its 24-hour revenue increase, TRX (the network’s native token) has remained slightly weak. TRX is down by almost 1% over the last 24 hours

Tron Lead Blockchain Revenue with $1.42M in 24 Hours

The Tron blockchain has experienced a surge in revenue over the last 24 hours, making it the top chain by revenue. As observed by Lookonchain, an on-chain data analytics page on X, Tron recorded $1.42 million in revenue over the last one day

Tron Leads Other Chains in Revenue | Source: DefiLlamaData by DefiLlama also shows that Tron has achieved $49.2 million in revenue over the past 30 days. The chain now leads far ahead of Solana, Ethereum, Base & BSC which recorded $175.70K, $168.40K, $104.61K and$50.39K in revenue over the last 24 hours

This surge in the revenue of Tron network exhibits enormous chain strength and activity. As Tron outpaces other chains in terms of revenue, this could potentially bolster the price of TRX

Can TRX Hit $1 This Cycle?

TRX is in one of its strongest historic phases. Over the last 7 days, the coin has surged by 6.68% as per data by CoinMarketCap. However, over the last 24 hours Tron (TRX) has dipped by 0.94%, showing a slight sign of weakness

Tron (TRX) Price | Source: CoinMarketCapBut despite a recent dip, if bulls manage to defend $0.35 and the coin manages to reclaim momentum toward the $0.36 zone, and above, it could continue its bullish momentum. If this breakout comes before the FOMC on the 17th, and a rate cut follows, TRON could be on track for $1 this cycle.

Tron’s 60% fee cut could serve as a major catalyst for such a rally. The fee cut allows for seamless micro-payments and daily transactions as well as scaling of dApps at lower costs. With higher activity and stronger network demand, the adoption of TRX could rise, translating into a parabolic price surge

Analysts Remain Bullish for TRON

While the price of Tron has expressed a sign of weakness over the last 24 hours after surging by over 6% over the last 7 days, analysts are still optimistic. DeLord, a crypto market analyst and KOL, for instance, has expressed his enthusiasm for TRX, citing its strong market stability

“While other coins dumped hard, $TRX maintained its level and ready to fly. The biggest mistake you can do right now is fading on @trondao & @justinsuntron. $TRX keeps amazing me with how bullish it looks,” DeLord shared on X

In comparison with Solana, DeLord further highlighted TRX’s strong resilience even during market downturns for other altcoins. He even claimed that “it shows insane strength compared to all other altcoins.”

Tron Price vs Solana Price Action | Source: XConclusively, the optimism across the Tron network could bolster the price of TRX. By dominating other chains in 24-hour revenue, the chain already dominates other blockchains and it could be just a matter of time before TRX picks up on the momentum