Since then, the ecosystem continues to surprise the community with its strength Related Reading: ATOM Blows Up 10% After Significant Sell Pressure As the market also resumes some form of recovery with a percent uptick in the total market cap, TRX might see some growth in the coming days. Tron Remains Profitable Despite Market Bleed Bankless released a deep dive on the on-chain profitability of several layer 1s and layer 2s, including Tron on their long list of blockchains. Which blockchains are actually profitable? 🤔 This is the data behind the L1 and L2 networks driving the most revenue and earnings 💰🫰 Today, we’ll explore the top 4 L1s and L2s by revenue, and explore just how much of the revenues that these blockchains actually keep.For… pic.twitter.com/TgudtrlDvO — Bankless (@BanklessHQ) August 1, 2024 According to their report, Tron is the most profitable chain at $271 million earned over the past year, with Solana being the lowest with over $2 billion in the negative.
TRX bears have already used this price range earlier this year which puts more pressure on the bulls to hold on to this support range for a future breakthrough. Related Reading: Aave Protocol Unfazed By Market Jitters, Surges 21% TRX moves alongside Ethereum in the same manner as ETH following Bitcoin within the broader market.
According to Tron’s official website, the platform has processed over $8 billion in transactions with a whopping $19.6 billion in total value locked (TVL). Long-Term Growth Is Guaranteed At These Levels The token’s current positioning amid the bearish market is somewhat stable, settling around $0.1229 and $0.1271.
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