ChainCatcher news, according to Cryptodnes, Tron achieved a revenue of $566 million in the third quarter of 2024, surpassing major competitors like Ethereum, Solana, and Bitcoin. This represents a 43% increase compared to the previous quarter, with annual revenue potentially reaching $1.66 billion, a year-on-year increase of 113%.Tron's growth is primarily attributed to its stablecoin activities and the growing meme coin market. Tron holds a 34.8% share of the stablecoin market, supplying $59.8 billion in stablecoins, mainly USDT. Tron's low fees and fast transactions are particularly popular in emerging markets, especially in Nigeria and Argentina.Additionally, the launch of SunPump has boosted its network activity, with daily transaction volumes exceeding 8 million.

ChainCatcher news, Bitcoin mining company Riot Platforms released its second-quarter financial report, with quarterly revenue of $72.9 million, including $49.7 million from mining, $7.7 million from data center hosting, and $19.3 million from engineering.The adjusted earnings per share reported a loss of $0.17, and Riot's stock price fell 1.4% to $16.12 in after-hours trading. Benefiting from the strong performance of Bitcoin, Riot's stock price has risen over 383% this year.