2026-01-03 06:21:35

Tron protocol revenue data once again refreshes our understanding. According to the latest statistics from Token Terminal, Tron’s total protocol revenue for the year 2025 reaches $3.5 billion. How exaggerated is this number? The combined protocol revenues of the second to tenth public chains do not even match it.

Looking at the total market cap of the top ten public chains, Tron alone accounts for 86.4% of the revenue share. This is not just a significant lead; it’s a level of dominance that feels like a dimensionality reduction attack.

Even more interesting is the user base. Tron currently has over 357 million active users. What does this mean? It indicates that under the support of a massive user volume, the protocol continuously generates revenue. From the perspective of public chain competition, this dual advantage of revenue scale and user scale has already formed a substantial moat. Other public chains will find it difficult to catch up.

TRX-1,15%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
8
Repost
Share

Comment

0/400

NFTPessimist

· 01-05 02:38

86.4%... That's a bit outrageous, I have to admit --- Three hundred fifty-seven million users, is that true? Feels like there's some water in that number --- Other public chains simply can't compare; the gap is too big --- If TRON continues like this, is there still any meaning for other chains to survive? --- What sounds like a moat is actually just monopoly --- Why does it feel like TRON has taken over the entire industry... --- 3.5 billion USD, this directly crushes the other nine chains --- With such a large user base, revenue naturally goes up --- Wait, can we trust this data? --- It's truly a monopoly

View OriginalReply0

MaticHoleFiller

· 01-03 18:40

$3.5 billion accounts for 86%, and none of the other chains combined can match it—this gap is just ridiculous. Honestly, TRON’s user base is right there, never backing down. The moat is really solid. 357 million active users? Who else can handle that? If you still say other chains can catch up, I really don’t see how. 86% revenue share—if this were in traditional industries, it would have been monopolized long ago. Web3 chains are truly impressive. Protocol revenue reaching this level indicates the ecosystem is really alive, but I’m not quite sure how they plan to maintain competitiveness in the end.

View OriginalReply0

BrokeBeans

· 01-03 09:55

86.4%? This isn't just crushing, it's outright cheating.

View OriginalReply0

LiquidationTherapist

· 01-03 06:51

The numbers for TRON are indeed staggering, with an 86.4% share of returns... Other public chains are being completely outperformed. 3.57 billion active users—what does that even mean? The moat is incredibly deep. While other L1s are still struggling, this is already on a different level.

View OriginalReply0

PumpingCroissant

· 01-03 06:51

Tron’s data is indeed impressive, but is it real or fake? How is the 357 million active users calculated? --- 86.4%? Other public chains should be crying now haha --- With such a thick moat, no public chain can really shake it --- 3.5 billion USD, this is what a true major public chain should look like --- With such a large user base, no wonder it makes money the fastest --- Combined, the second to tenth are not as many as Tron, the gap is a bit outrageous --- It feels like Tron has already paved the way in this track; others really can't catch up --- Protocol revenue at 86%, definitely a dimensionality reduction attack

View OriginalReply0

SilentObserver

· 01-03 06:43

Tron’s data is really outrageous; other public chains must be crying. It’s mainly because the user base is so huge—3.57 billion active users standing there—how can they compete? 86.4% revenue share... this isn’t just leading; it’s already crushing. Tron has benefited from early layout advantages, and now its moat is getting deeper and deeper. But to be fair, can such high revenue be sustained? We’ll have to see the subsequent actions. Honestly, with these numbers, other chains should reflect on their own strategies. $3.5 billion for a single chain, and the combined total of the second to tenth isn’t even close—truly remarkable.

View OriginalReply0

ApeShotFirst

· 01-03 06:43

Fuck, 3.5 billion directly crushes other public chains? This number is outrageous, and an 86.4% share is indeed a crushing blow.

View OriginalReply0