- TRON generated $23.4 million in 30-day revenue, beating Ethereum and Solana.
- Rising USDT transfers could support TRX demand through network fees and resource needs.
- TRX price gains depend on buying momentum, market sentiment, and key resistance levels.
The TRON token has reportedly overtaken Ethereum and Solana in 30-day revenue, driven by its growing role in USDT transfers. Over the past 30 days, the network generated $23.4 million in revenue. Now, investors are waiting to see if this milestone could push the TRX price higher.
Can TRON’s $23.4 Million Monthly Revenue Push TRX Price Higher?
Significantly, the revenue generated by TRON, which amounts to $23.4 million, will be helpful in sustaining the price of TRX. This implies that there is user activity on the network, especially for transactions involving USDT. The more the number of activities, the more the demand for the use of the network will increase and the better for investors’ confidence in TRON.
Nevertheless, an increase in revenue does not automatically translate into a TRX price gain since there may be other factors affecting the price movements of the token. The TRX price may continue struggling if the selling pressure continues to be strong despite positive sentiment towards TRON.
Why Is TRON Generating More Revenue Than Ethereum and Solana?
It is necessary to mention that the growth of income from TRON depends mainly on the presence of a well-established position in the stablecoins sector. It is often used for the transfer of stablecoins such as USDT from one wallet, exchange, or payment system to another.
This is mainly due to it relatively inexpensive and quick transactions; it has become one of the most popular networks. The movement of USDT via the TRON network provides additional income sources.
Ethereum and Solana also support stablecoins, DeFi, and blockchain applications. However, TRON strongly focuses on payments to help it generate more fees from frequent transfers. The latest report reveals that TRON generated more than $23 million in monthly revenue, while Ethereum and Solana generated $6.34 million and $3.40 million, respectively.
What Is the TRX Price Prediction After TRON Overtakes Ethereum and Solana?
As of press time, TRX is trading at $0.3320, with a marginal gain of 0.41% in a day. Despite the TRON network’s revenue performance, the token is facing short-term resistance, with its price dropping from around $0.343. This suggests that the revenue milestone has not influenced the TRX price much.
Now, investors are closely watching the token’s key price levels. Its support is marked at $0.3277, followed by $0.3243. A break below this level could lead to a severe price crash. At the same time, if the TRX token manages to hold and surge above its resistance at $0.3331-.$3382, it could see a potential rally.
The buying momentum remains mixed. The daily Relative Strength Index (RSI) stands around 45, indicating that TRX is not oversold. The overall daily technical outlook remains bearish, while some indicators show positive momentum.
Will Rising USDT Adoption Create More Demand for TRX?
The demand for the TRX coin could significantly increase depending on how USDT usage on TRON increases. However, its impact would strongly depend on the payment methods that people employ for conducting their transactions. TRON needs TRX to manage its resources and to pay for transaction fees. Thus, the higher the number of people who pay using USDT, the more resources they would require for their transactions.
TRON itself operates using two kinds of resources: Bandwidth and Energy. While Bandwidth focuses on transaction data, Energy is required for the execution of smart contracts. The resources are available once the TRX coins are staked.
(adsbygoogle = window.adsbygoogle || []).push({});Is TRX a Better Investment Than ETH or SOL Based on Network Revenue?
The rise in revenue alone could not make TRON a better investment than Ethereum and Solana. Revenue shows how much a network generates from activity, while a token’s price also depends on demand, valuation, and future growth.
These networks have different advantages. If TRON is known for stablecoin transfers, particularly USDT payments, Ethereum has a broad ecosystem of DeFi, smart contracts, and tokenized assets. Meanwhile, Solana attracts activity across decentralized exchanges, consumer applications, and other on-chain services.
Related: TRON Price Prediction: TRX Holds Channel Support as Tron Inc. Files to Sell $200M in Stock
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