The Tron price has dived in the past few weeks as most cryptocurrency prices have recoiled. TRX fell from a high of $0.4506 on December 4 to a low of $0.2600, a 42% decline. So, what’s next for Tron as it flips Ethereum in terms of the fee collected?
Tron network is making more money than Ethereum
Ethereum has been the most profitable blockchain network in the past few years, thanks to its higher fees and activity on the platform. It remains the most popular blockchain network today, with a substantial market share against most chains.
For example, Ethereum’s blockchain has a total value locked (TVL) of over $68 billion and bridged volume of near $200 billion It also has over $111 billion in stablecoins in its ecosystem.
In contrast, Justin Sun’s Tron has a TVL of $7.4 billion, bridged value od $68 billion, and $60 billion in stablecoins. It has just 34 DeFi apps in its ecosystem, while Ethereum has over 1,263 of them.
Still, Tron is now making more money than Ethereum. According to TokenTerminal, Tron has made over $1.3 billion in fees in the last 180 days, higher than Ethereum’s $800 million. The same trend happened in the last 30 days as the two made $333 million and $217 million, respectively.
These numbers mean that the Tron network is seeing more transactions and collecting more money. If the trend continues, its annual fees in 2025 could be higher than Ethereum’s. Ethereum has made over $2.46 billion in the last 365 days compared to Tron’s $2.12 billion.
Tron’s rising fees is likely because of the SunPump ecosystem that led to more activity in the network. SunPump is a rival to Solana’s Pump.fun in that it helps users create meme coins within minutes.
SunPump’s ecosystem started well and gained thousands of meme coins within days. Recently, however, there are signs that the network has lost steam as the market cap of all of its tokens has dropped from over $700 million a few months ago to $144 million today. The biggest of these tokens are Sundog, Tron Bull, Tron Bull Coin, Suncat, and SunWukong.
The rising Tron fees mean that its stakers are making substantial returns. Tron has a staking market cap of over $10 billion, giving it a staking ratio of 46%. Its staking yield has moved to 4.65%, higher than Ethereum’s 3.03%.
Tron price analysis
The daily chart shows that the TRX price has moved into a deep bear market after falling by over 42% from its highest level this year. Still, TRX remains above the 50-day moving average, a sign that it has the potential to rebound. It is also a sign that it is doing mean reversion, where an asset returns to its normal average after soaring hard.
Tron has also moved above the ascending trendline that connects its lowest swings since June this year. It has also formed a falling wedge chart pattern, a popular reversal sign. Therefore, the TRX price will likely bounce back, and hit its all-time high of $0.4506, its highest level this year, which is about 73% above the current level. A drop below the support at $0.2232 will invalidate the bullish view.
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