The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market.
The Tron Network has posted a record $577 million in revenue for Q3, putting it ahead of mainstay blockchains including Bitcoin and Ethereum in terms of quarterly income.
Tron brought in $577.2 million worth of revenue in Q3, with 74% of its revenue coming from staking while 26% came from burning, according to data from Tronscan, which was also cited by Tron founder Justin Sun in an Oct. 2 post to X.
Tron posted $577 million in quarterly revenue for Q3. Source: Tronscan
