NOIDA (CoinChapter.com) — TRON (TRX) has overtaken Ethereum (ETH) in network fee revenue for multiple consecutive months, signaling a potential shift in blockchain dominance. Since May 2024, TRON’s USD-based fee revenue has consistently surpassed Ethereum’s. TRON’s low-cost transactions and increasing adoption in DeFi and stablecoin transfers helped the blockchain surpass its rival.
Despite its first-mover advantage, Ethereum continues to face challenges from high gas fees, which have pushed users toward more efficient alternatives like TRON.
The network’s rise is also reflected in its daily transaction fees, exceeding 1 billion TRX, underscoring growing usage. Moreover, TRON’s role in stablecoin transfers remains critical, as it processes a significant portion of global USDT transactions.
The blockchain platform’s integration with major exchanges and payment providers further strengthened its position in the crypto economy.
Beyond these developments, a potential Treasury General Account (TGA) drawdown could inject liquidity into markets, mirroring past Bitcoin rallies. If similar trends play out, TRON could benefit from increased investor inflows.
TRON Surpasses Ethereum in Network Fee Revenue
TRON’s growing dominance in fee revenue underscores its increasing market relevance.
TRON surpassed Ethereum in network fee revenue growth.According to CryptoQuant, TRON’s network fees in Aug. 2024 hit $204 million, more than three times Ethereum’s revenue. The shift has been consistent since May 2024, proving that TRON’s low-cost, high-throughput model attracted users at Ethereum’s expense.
The chart data confirms that while Ethereum’s fee revenue peaked in 2021, it has since declined. Meanwhile, TRON’s steady growth has positioned it as a more cost-efficient alternative.
TRON’s transaction fees in TRX have been consistently exceeding 1 billion tokens.With daily TRX transaction fees exceeding 1 billion TRX, TRON’s network activity is no longer just competing—it is leading.
Ethereum’s reliance on layer-2 solutions has helped alleviate some fee concerns, but the cost barrier remains a persistent challenge. TRON, in contrast, has built a fee-efficient environment without requiring secondary layers. This advantage is particularly evident in DeFi and stablecoin transactions, where TRON has captured a dominant share.
Investor sentiment reflects this shift. TRON’s ability to sustain higher fee revenue suggests growing real-world adoption, making TRX an increasingly attractive asset. As blockchain adoption accelerates, TRON’s scalability and low-cost transactions could continue fueling its market leadership.
Liquidity Inflows Could Further Boost TRX Prices
A new Treasury General Account (TGA) drawdown could introduce additional liquidity into the financial system. According to Miles Deutscher, this type of event acts as a “stealth QE”, mimicking traditional Quantitative Easing (QE) by injecting cash into markets.
Historically, such liquidity surges have benefited Bitcoin, with past TGA drawdowns fueling rallies of +84% (Dec. 2022) and +23% (June 2023). Given TRON’s rising prominence, TRX could experience a similar influx of capital, especially if investors diversify beyond BTC.
TGA drawdown has historically impacted the S&P 500 and Bitcoin.Quantitative Easing (QE) typically involves central banks increasing the money supply, making funds more accessible for investment. Like a TGA drawdown, a stealth QE scenario achieves a similar effect—lowering liquidity constraints and driving speculative investment.
This could translate to higher trading volumes, increased DeFi participation, and renewed price momentum for TRON.
As capital flows into risk assets, TRON’s rising network activity and revenue growth make it a prime candidate for further price appreciation. If Bitcoin sets a bullish trend, TRON could ride the liquidity wave, reinforcing its growing market position.
TRX Price Struggling To Validate Wedge Breakout
Meanwhile, the TRX USD pair broke out of a bullish technical setup called the ‘falling wedge.’
The Tron token price has made some unsuccessful breakout attempts, and it seems TRX price has yet to validate the most recent one successfully.
TRX price is trying to validate its breakout from a bullish wedge setup. Source: Tradingview The TRX/USD 3-day chart shows a well-defined falling wedge pattern, a typically bullish formation. TRX has tested the upper trendline multiple times but failed to sustain a breakout, leading to rejections and continued consolidation within the wedge. TRX price has followed its recent breakout with a weak performance, forming a red candle highlighting strong selling pressure near the 20 3-day EMA (red). If TRX successfully breaks out of the falling wedge, the measured move target projects a price surge toward $0.33, aligning with prior resistance levels. This represents a potential upside of over 38% from the current price of $0.238. The volume profile shows declining trading activity during the wedge formation, a common characteristic of this pattern. A valid breakout requires a volume spike. Previous bullish moves above the pattern’s resistance were short-lived due to weak follow-through volume.The post TRON Crushes Ethereum in Fee Revenue—Is a Liquidity-Driven Rally Next? appeared first on Coinchapter.
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