tl;dr
Justin Sun is considering reducing fees on the TRON blockchain to boost daily transactions to over 20 million within three months. He also plans to raise the blockchain’s energy cap and expects the TRON blockchain to generate $3 billion to $4 billion in revenue over the next 12 months. However, skep...
Justin Sun is contemplating a reduction in fees on the TRON blockchain in a bid to boost daily transactions to over 20 million within three months. This move is part of his plan to raise the blockchain’s energy cap and expects the TRON blockchain to generate $3 billion to $4 billion in revenue over the next 12 months. However, skepticism persists due to Justin Sun’s controversial reputation in the crypto space.
Amid the ongoing SunPump craze, which involves meme coins built on the network, SunPump, a platform for token generation, is driving the latest market euphoria, challenging Solana's dominance. Sun anticipates that a fee reduction and increased energy cap will not only expand market share but also increase profits by attracting more users to stake TRX, TRON’s native token. He expects the TRON blockchain to generate $3 billion to $4 billion in revenue over the next 12 months, with a significant portion allocated to transaction subsidies and staking rewards.
On Wednesday, Sun reported that TRON’s revenue hit a record $5.33 million, surpassing other blockchains and placing it first among all blockchains. Reports indicate that the TRON blockchain’s SunPump platform launched 7,351 tokens, surpassing Solana’s pump.fun in revenue and token generation.
Sun attributes the sustainability of TRON meme coins to deep liquidity and a growing user base. TRON’s competitive advantages, including its liquidity pool and fast, low-cost transactions, make it an appealing platform for developers and traders. However, skepticism lingers due to Justin Sun's controversial reputation and history in the crypto space.
More about Rush Street Interactive Inc
Rush Street Interactive Inc
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Sector: TRADE & SERVICES
Industry: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2131088000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.09
EPS (TTM): 10.78
Earnings Date: -0.0084
Forward Dividend & Yield: 801545000, 13.03, 0, 0.888