Justin Sun, the founder of the TRON (TRX) blockchain network, recently compared the staking returns of the TRON protocol and Ethereum. In a recent post, Sun mentioned that he had staked funds in both Ethereum and TRON staking products. He stated that he staked his ETH with Lido and his TRX with sTRX, respectively.
Lido is a liquid staking protocol, presumably the largest, used for staking ETH tokens. Similarly, sTRX is the staking protocol for TRX tokens, offering higher yields by lending out energy.
Sun revealed that after staking ETH and TRX on both protocols, sTRX yielded six times more risk-free returns compared to Ethereum’s Lido. While Lido provided a 4% risk-free return, sTRX generated a 24.84% risk-free return.
Justin Sun explained that in the context of staking, “risk-free” means that the returns are derived directly from the performance of the protocol itself, rather than from any reinvestment of assets.
In another tweet, the founder also compared the revenue of both blockchain network protocols, stating that the TRON protocol’s revenue surpassed Ethereum’s by 50%. Praising his blockchain network’s performance, Sun mentioned that if the current trend continues, TRON might become the most profitable blockchain network in the world.
This is not the first time the TRON blockchain network has been compared to Ethereum. While this represents the latest instance, the founder and developers of TRON have consistently highlighted and presented TRON’s superiority over Ethereum.
In June 2018, TRON separated from the Ethereum blockchain after launching its own independent MainNet, dubbed Odyssey 2.0. Since gaining independence, TRON has been positioned as a competitor to Ethereum, offering support for decentralized application (dApp) development. TRON developers have claimed that their blockchain technology is 400 times faster and better than Ethereum. Other metrics used to compare TRON and Ethereum include transaction speed, transaction gas fees, and the total number of transactions performed on the blockchain, among others.
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