# Tron (TRX): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/tron/ · data through 2026-11-09 · rebuilt hourly.

Tron is the #3 most undervalued chain of 59. It earns $294M a year in network fees at a $30.3B FDV: a revenue multiple of 103×, 25× cheaper than the median chain. At the median multiple, TRX would be worth $8.14, +2,449% from $0.3193 today.

For comparison, Tron is 12× cheaper than Ethereum (1,270×) and 175× cheaper than Bitcoin (18,091×).

| Metric | Value |
|---|---|
| Undervalued rank | #3 of 59 |
| Type | L1 |
| Token | TRX |
| Price | $0.3193 |
| FDV | $30.3B |
| Market cap | $30.3B |
| Yearly fees (90d, annualized) | $294M |
| Revenue multiple (FDV/Fees) | 103× |
| Fair price (median revenue multiple) | $8.14 (+2,449%) |
| Transfer fee | — |
| Average transaction fee | — |

## FAQ

### Is Tron undervalued?

By its fees, yes. Tron trades at a revenue multiple of 103×, 25× below the median chain, and ranks #3 of 59 most undervalued.

### How much does Tron earn in fees?

$294M a year, annualized from the last 90 days of network fees (DefiLlama).

### What would TRX be worth at a fair revenue multiple?

$8.14, +2,449% from $0.3193 today. That's the price at the median revenue multiple of all ranked chains.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt