CandleFocus

TRX price steady as Tron outperforms Ethereum on key metric

The price of TRX remained steady on January 2nd, while Tron outperformed Ethereum in terms of revenue. Tron has surpassed Ethereum in fees, generating over $54 million compared to Ethereum's $37 million. This trend started in late 2024 when Tron's network fees surged. Tron's network has benefited from the launch of SunPump's meme coin generator and is thriving in the stablecoin sector. Tron's on-chain metrics are notable, with over 8.3 million tokens burned, bringing the total supply down. Tron stakers benefit from rising fees and falling token supply. TRX has been rising for three consecutive weeks and is likely to continue its upward trend, targeting the resistance level at $0.40.

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