This brought TRX’s ranking to the 9th position in overall cryptocurrency market rankings, surpassing many large-cap tokens. The combination of boostd market capitalization, revenue growth, and continuous supply reduction highlights a positive outlook for TRX in the future.
The growth was driven by TRON’s revenue, which reached an all-time high of $151.2 million, boosted by the popularity of SunPump, a platform dedicated to launching memecoins.
The deflationary nature of TRX maintained its annualized inflation rate at -2.7%, as the circulating supply slid from 87.20 billion TRX to 86.62 billion TRX.
TRON’s TRX cryptocurrency experienced significant growth during Q3 2024, increasing its market capitalization by 24% to reach $13.5 billion.
