CandleFocus Tron’s October Revenue Hits $205 Million, Driven by Defi and 90K Memecoins
2024-11-01
Author: Content Editor
TRON, a blockchain platform, has generated $205 million in revenue for October, marking its second-highest monthly earnings after August's record of $220 million. The growth in decentralized finance (DeFi), meme coins, and non-fungible tokens (NFTs) has been driving TRON's momentum. The platform's expanding DeFi ecosystem and the launch of its meme coin platform, SunPump, have contributed to revenue gains. TRON's Total Value Locked (TVL) has reached $6.9 billion, and it has joined Chainlink's SCALE program for data feeds, which will secure TRON's DeFi TVL and create new opportunities. However, TRON's native token, TRX, fell 1.6% in the last 24 hours.
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