Something strange is happening in crypto right now. TRON is quietly generating massive revenue, yet it still doesn’t get mentioned in the same breath as Ethereum. That disconnect is exactly what aixbt highlighted this week, and the numbers are hard to ignore.
Aixbt posted that TRON (TRX) generated around $160 million in revenue in January, while Ethereum brought in about $4.83 million over the last 30 days.
If those numbers are accurate, it makes the situation hard to ignore. TRON is producing huge revenue, yet most of the market still treats it like it barely exists.
TRON has been treated like an old story for years. Even with real activity happening on-chain, many investors in the West still view it through a 2018 lens. But the network keeps moving forward in ways that are difficult to dismiss.
Bitwise has filed for a TRX ETF, TRON has been added to the S&P Crypto 10 index, and nearly 48% of the supply is staked, which helps reduce sell pressure and stabilize price action. These are not small developments, especially in a market that rewards adoption and cash flow.
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Some traders think the market is ignoring the math. One reply pointed out that TRON’s revenue multiple sits near 0.3x, compared to Ethereum trading closer to 12x.
In simple terms, TRON is generating huge revenue, but the token is being valued as if that revenue barely matters.
If crypto markets eventually start pricing networks more like businesses, that gap becomes harder to justify. TRX could end up catching attention simply because the numbers stop being ignorable.
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Revenue doesn’t automatically equal dominance. Others pushed back, warning that headline income isn’t the same as long-term defensibility.
TRON still carries real concerns. A lot of the network’s control sits in a small group, and critics continue to question how decentralized it truly is.
Staking can help reduce selling pressure, but it doesn’t solve the bigger issue. Trust, transparency, and long-term confidence are still the main reasons many investors stay cautious.
The biggest overhang is still Justin Sun. Like it or not, TRON valuation carries his shadow. Even people who admit the network is performing well struggle to separate the chain from its reputation.
That lingering baggage acts like a ceiling, keeping many larger allocators hesitant, no matter what the revenue chart says.
TRON sits in a strange position. TRON is bringing in real revenue, getting more attention from institutions, and staying stronger than many other coins during market drops.
But TRX still doesn’t get the same respect, because a project’s past reputation and trust issues still weigh heavily, no matter how good the numbers look.
The TRON price is printing. The only question left is whether the market eventually decides to price it like it counts.
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