Tron Hits All-time High of $2M In Daily Fees

Amid a red-hot crypto market, Tron, a blockchain whose native TRX token is the 12th largest digital asset, is generating nearly $2 million of daily protocol revenue – an all-time high.

Justin Sun, the controversial and colorful founder of Tron, confirmed the milestone on X.

Tron occupies a unique space in crypto — the project has carved out a niche as the network of choice for stablecoin transfers. While this is a strong sign that the platform has a degree of utility many crypto projects lack, Tron doesn’t necessarily have the support of the broader digital asset space — for example, Circle, the issuer of USDC, crypto’s second largest stablecoin, said it would discontinue support the Tron blockchain last week.

Ethereum co-founder Vitalik Buterin has also criticized Tron in the past.

Regardless, it remains the blockchain with the most active users, according to data from Coin98.

TRX, like most digital assets, has rallied in 2024 — the token has gained 30% this year and sits at $0.14 today.