Tron (TRX) experienced significant growth in revenue and network activity in 2024. Its network revenue surpassed $1.5 billion, a 60% increase from the previous year. The growth was mainly due to the expansion of the decentralized finance (DeFi) ecosystem and the increased use of stablecoins, especially Tether (USDT), on the Tron network. Additionally, the number of active addresses on the Tron network increased by 64% compared to the previous year, indicating more users and developers are attracted to this network. Justin Sun, the founder of Tron, made strategic moves like acquiring a modern artwork named ‘Comedian’ for $6.2 million and investing $30 million in the World Liberty Financial project supported by Donald Trump, which boosted investor confidence in Tron. Despite facing a correction after reaching $0.45, TRX is currently trading around $0.26. Some analysts believe TRX’s price could reach $0.73 by 2025, with a potential to go up to $1 if the upward trend continues. Technical analysis suggests a stable upward trend, but investors and traders should be aware of existing risks and market fluctuations.
