TRX price steady as Tron outperforms Ethereum on key metric

TRX price remained stable on Tuesday, January 2, despite the Tron network surpassing Ethereum in terms of revenue.

Tron (TRX), the cryptocurrency founded by Justin Sun, was trading at $0.2691, slightly above its December low of $0.2237.

Third-party data shows Tron overtaking Ethereum in terms of fees as network activity continues to increase. According to TokenTerminal, Tron has generated over $54 million in fees this year, making it the second most profitable token after Tether (USDT). Ethereum (ETH), which has long dominated in terms of fees, earned just $37 million.

This pattern is a continuation of the trend that started with Tron’s network fees increasing in late 2024. Over the last 180 days, Tron fees have reached $1.8 billion; This is significantly higher than Ethereum’s $822 million in the same period.

Tron’s network benefited from the launch of SunPump’s meme coin generator. There are hundreds of SunPump tokens with a market cap of over $152 million, according to CoinGecko. The biggest ones are Sundog, Tron Bull and Tron Bull Coin.

Tron is also developing in the stablecoin sector. According to TronScan, the network processed stablecoin transactions worth over $108 billion on Monday, with the number of transfers reaching 2.15 million. The number of Tether holders on Tron has now exceeded 58.9 million.

Tron’s on-chain metrics continue to be remarkable. The network ranks as one of the most deflationary tokens in the crypto industry, burning more than 8.3 million tokens on Monday. This reduced the total supply to 86.19 billion tokens, compared to 88.3 billion tokens a year ago.

Tron supply chart | Source: TronScan

Tron stakers benefit from rising fees at a time when the number of tokens is falling. The staking return is 4.53%, higher than Ethereum and Binance Coin (BNB).

Tron price analysis Tron price chart | Source: crypto.news

The weekly chart shows TRX rising for three consecutive weeks as investors look to buy on the dip.

It remains above the key resistance level at $0.1842, the previous all-time high. The token is also trading above an ascending trend line connecting the lowest levels since November 2022.

While Tron is above the 50-week moving average, the MACD and Relative Strength Index are pointing up. Therefore, the TRX token is likely to continue its uptrend as buyers target the psychological resistance level at $0.40. However, the bullish view could be invalidated if the price breaks below the $0.1842 support.