The crypto industry, including Tron, has gained popularity among people in recent times. But the downfall of this market last year was a disappointing issue to deal with. Investors lost trust in the market and started to exit it. And many firms are on the verge of breakdown. For more information on cryptocurrencies and Types of Cryptocurrencies click here.
Despite such conditions, Tron is showing a better performance. With the survey by Messari, you can see that Tron has better results in Q4 than the ones in Q3!
Besides that, there was also an increase in user transactions. Read this blog to find out more about Tron and its popularity in recent times!
Messari, a crypto platform, has researched Tron’s performance in recent times. And the results are quite interesting and impressive at the same time!
The financial results of this crypto are quite good, and Q4 is showing better performance than Q3. The data from the research reveals that this coin made about 47.9 million USD last year! In comparison to Q3, this is an increase of about 25% in its revenue!
Besides the rise in revenue, this project is also experiencing an increase in overall daily addresses. And there is an increase in its transactions per day too!
Last year was a tough one for the crypto space. The unfavorable macroeconomic conditions of the market had a huge impact on it.
Besides that, the Terra crash made the issues more intense. And the major twist came when the FTX was declared bankrupt as well! The entire market came to a standstill with such a huge loss!
Investors started to exit the market and liquidate their investments. The entire Cryptocurrency market‘s reputation was at stake!
Despite these failures, Q4 proved to be a successful period for Tron! This platform managed to generate about 48 million USD in revenue in the period. The amount is even 25% more than what is in Q3.
With a gain of about 48.5 million USD in the second quarter, Tron was able to capture this amount last year! This platform is also experiencing more network activity and new users.
The number of active users rose from 2.6 million to 3.1 million in Q4. And the daily transactions reached an amount of 6.5 million in this period. Transactions per second also rose to 76, while the charges are at 0.08 USD!
There are different reasons behind this growth. The effort of the developers of this project is the major reason behind its growth. The team worked on different upgrades that improved the functionality and the user experience as well!
Also, it is worth mentioning that this platform burned coins worth around 800 million TRX!
The founder of this platform, Justin Sun, has high aims for his platform. He wants to see the platform become legal tender in about five countries by the end of this year!
And with this, he indicates the flags of Dominica and Sint Maarten. This reflects that these nations can start the trend by adopting Tron as a legal service provider.
To take this step forward, the Dominican government is entering into a partnership with Huobi. Justin Sun is a reputable member of the nation’s Global Advisory Board. With this partnership, they will release their national token on the Tron Blockchain network!
Also, one of the top politicians of Sint Maarten, Rolando Brison, shares that the citizens of this nation are quite optimistic about Tron. They are even ready to accept TRX as their national token and payment option!
Besides these, Justin hopes that the token finds a top position in China too, which is his homeland. But, in 2021, the Chinese government banned all kinds of cryptographic activities in the nation! So, this aim may be a tough one to achieve!
Tron is showing top-notch performance in the current market conditions. Considering the far-sighted goals of the owner of this platform and the recent upgrades, Tron will perform even better in the upcoming years.
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