The Tron blockchain recorded an unprecedented milestone in daily network revenue amid a sharp rise in the price of its native TRX token.
Tron founder Justin Sun proudly noted this achievement in a post on X today. Specifically, on Tuesday, December 3, Tron’s total revenue was $21.66 million, representing an all-time single-day high.
Notably, the network reported one-day revenue of approximately $10.92 million the day before. This marked a staggering 98% increase from Tuesday’s figure. The massive change follows a similar turn in the market price of the TRX network token.
TRX rose 99% but later fell
Yesterday, TRX was trading at just $0.2204, but by midnight, in one fell swoop, the price had skyrocketed to an all-time high of $0.4407. This represents a gain of 99.96% in one day, making it the best-performing asset among the better-known cryptocurrencies.
Meanwhile, TRX fell quickly after a sharp price surge. At press time, TRX is trading at $0.356, having lost 19.21% of its gains.
However, the rise in the price of TRX, coupled with increased interest in the network for stablecoins and meme coins, has pushed Tron network revenues to historic highs.
Tron’s annual revenue is $1.91 billion
It’s worth noting that Tron’s revenue has been on an upward trend this year. This momentum accelerated in August with the emergence of token deployment platform SunPump, which sought to compete with Solana’s Pump.Fun.
In one day, SunPump minted 7,351 meme coins, generating over half a million dollars in revenue. This activity spread to the Tron network, which generated $13 million in revenue in one day on August 21, an all-time high at the time.
Tron currently has 30-day revenue of $242 million, up 21% from the previous month. On a 90-day basis, the network earned $637.32 million in revenue, which is also 23% more than the previous figure.
Meanwhile, on an annualized basis, Tron boasts a staggering $1.91 billion in revenue, up more than 108% from last year.
Now, thanks to the latest record high daily earnings, members of the Tron community are expecting a surge in liquidity to spill over into the meme coin arena as the bull market continues.
