In a year marked by volatility across the broader cryptocurrency market, TRON emerged as a standout performer in 2024. Leveraging major market trends, strategic partnerships, and innovative ecosystem developments, TRON not only outpaced Bitcoin and other altcoins but also significantly expanded its user base. A comprehensive report by Cointelegraph Research highlights the key milestones that underscored TRON’s impressive performance throughout the year.
Quick Take
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In 2024, TRON's native token, TRX, set a new all-time high and outperformed both Bitcoin and the broader altcoin market, reaching a peak market cap of $9.54 billion.
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TRON saw a 27% increase in stablecoin supply, with USDT transfers driving significant network activity and reinforcing TRON as a primary hub for stablecoin transactions.
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The successful launch of SunPump, supported by a $10 million meme incentive program, spurred the creation of over 94,000 new tokens, highlighting TRON's agility in tapping into emerging trends.
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With a steady rise in daily active addresses and on-chain transactions, TRON surpassed $2 billion in annual revenue, underpinned by its deflationary tokenomics and enhanced staking mechanisms.
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Strategic initiatives such as bolstering network security through the T3 Financial Crime Unit and plans for Bitcoin ecosystem integration and AI-related services set the stage for continued growth in 2025.
TRON (TRX) Outperformed Bitcoin by 27% in 2024
TRX vs. BTC performance over the past year | Source: TradingView
While many altcoins struggled amid a challenging market landscape, TRON’s native token, TRX, delivered remarkable results. TRX set a new all-time high of $0.426, achieving a peak market capitalization of $9.54 billion. In relative terms, TRX outperformed Bitcoin by nearly 27% and surpassed the broader altcoin market by an astonishing 50%. This robust price performance underscored TRON’s resilience and growing appeal among investors.
Read more: Top TRON Ecosystem Projects to Watch in 2025
27% Spike in Stablecoin Supply Drives TRON Network’s On-Chain Activity
TRON’s stablecoin supply growth | Source: Cointelegraph
A major driver of TRON’s on-chain activity was the surge in stablecoin transactions. In 2024, the total stablecoin supply on TRON increased by 27%, predominantly fueled by extensive USDT issuance. Despite nearly half of the total USDT supply residing on Ethereum, TRON emerged as the leading blockchain for USDT transfers—facilitating 61% of all USDT transactions across multiple blockchains. With USDT accounting for nearly 98% of the stablecoin supply on TRON, its role in the network remains indispensable, contributing to about 30% of all transactions.
TRON’s focus on stablecoin usability has not only enhanced transaction volumes but has also driven revenue growth. With daily stablecoin transfers reaching impressive numbers, TRON maintained a high level of network activity, reaffirming its status as a primary hub for stablecoin usage.
Read more: Best TRON (TRX) Wallets to Use in 2025
SunPump’s Launch Created Over 94,000 Memecoins in TRON Ecosystem
SunPump vs. Pump.fun | Source: Dune Analytics
Perhaps the most buzzworthy development in 2024 was TRON’s memecoin phenomenon. The launch of SunPump, a memecoin fair launch platform on TRON, quickly captured the community’s attention. Modeled after industry leaders like pump.fun, SunPump offered an innovative bonding-curve mechanism for token pricing and an attractive fee structure, including a modest launch fee and trading fees. Supported by TRON’s $10 million meme ecosystem incentive program, SunPump catalyzed the creation of over 94,000 new tokens.
At its peak, SunPump emerged as one of the top three fair launch platforms—rivaling Pump.fun and Moonshot. Its rapid rise not only drove significant trading volumes but also shifted community attention from other platforms, demonstrating TRON’s capability to adapt swiftly to emerging trends. Even as the initial fervor subsided, the memecoin craze left a lasting impact, showcasing TRON’s versatility and appeal beyond traditional DeFi and stablecoin applications.
Read more: Top TRON Memecoins to Watch in 2025 Following SunPump's Launch
TRON’s Annual Revenue Crosses $2 Billion, 5B TRX Burned
TRON’s quarterly revenue | Source: Cointelegraph
Throughout 2024, TRON consistently ranked among the top layer-1 blockchains in terms of daily transactions and active addresses. Despite a relatively stable overall transaction volume of around 2.37 billion transactions for the year, there were notable quarterly spikes driven by specific events such as the launch of SunPump and the steady flow of USDT transfers.
The network’s activity translated into impressive economic results. TRON surpassed $2 billion in annual revenue, with significant contributions from both staking rewards and transaction fee burns. Notably, the introduction of Stake 2.0 in April 2023 further bolstered staking participation—its share rising from 31% to 51% over the year. Moreover, TRON’s deflationary mechanism was on full display in 2024, with nearly 5 billion TRX burned through regular transactions. This deflationary pressure contributed to a calculated annual inflation rate of -2.43%, reinforcing TRON’s attractiveness as a long-term asset.
TRON Partners with Tether, TRM Labs to Boost Security
In addition to its economic and transactional achievements, TRON made significant strides in network security and ecosystem development. Early in 2024, TRON partnered with Tether and TRM Labs to launch the T3 Financial Crime Unit. This dedicated team has since frozen or seized over 126 million USDT linked to illicit activities, underscoring TRON’s commitment to maintaining a secure and trustworthy network.
Moreover, TRON’s strategic vision for the future includes deeper integration with the Bitcoin ecosystem and advancements in artificial intelligence. Justin Sun recently hinted at the development of an AI-related service on TRON—potentially tied to the growing popularity of AI agents. Alongside these initiatives, improvements in stablecoin usability, such as token-agnostic gas payments, are on the horizon, positioning TRON to better serve its expanding user base.
TRON’s DeFi Ecosystem Trading Volumes Cross $3 Billion
While TRON’s core network activity and revenue grew robustly in 2024, the DeFi sector experienced mixed results. The total value locked (TVL) in TRX-denominated DeFi protocols saw a notable decline, primarily due to significant fund withdrawals from major lending platforms like JustLend. However, the USD-denominated TVL remained relatively stable, buoyed by rising asset prices and robust market sentiment.
In contrast, decentralized exchange (DEX) activity on TRON witnessed a surge, with monthly trading volumes surpassing $3 billion during the memecoin boom. This dynamic environment highlights TRON’s capacity to attract diverse users—from DeFi enthusiasts to retail investors drawn in by meme culture.
Read more: How to Add TRON Network to MetaMask Wallet
Looking Ahead: What’s Next for TRON Network in 2025?
As 2024 comes to a close, TRON’s achievements set the stage for an exciting future. The network’s continued expansion into the Bitcoin ecosystem, coupled with planned integrations of artificial intelligence tools and further enhancements to stablecoin infrastructure, promises to drive even greater adoption in the coming year. TRON’s ability to swiftly adapt to market trends—evidenced by its embrace of both stablecoins and memecoins—positions it well to meet the evolving needs of its global community.
For investors and enthusiasts, TRON’s performance in 2024 offers a compelling case study in strategic agility and technological innovation. With a robust foundation built on increased network activity, deflationary tokenomics, and strategic ecosystem partnerships, TRON is poised to maintain its momentum as one of the leading public layer-1 blockchains.
Conclusion
In a challenging market environment for many cryptocurrencies, TRON managed to navigate market fluctuations while capitalizing on emerging trends. The network experienced notable growth in stablecoin activity and a surge in memecoin interest, as demonstrated by the launch of SunPump. As TRON continues to evolve—integrating advanced technologies and broadening its ecosystem—its platform remains adaptable in a dynamic blockchain landscape.
Despite these developments, the cryptocurrency market is inherently volatile, and investments in digital assets carry significant risks. Prospective users and investors are encouraged to conduct their own research and carefully assess their risk tolerance before making any investment decisions.
