- It earned $90 million in Q1
- This growth is due to an increase in transactions and fees
Messari analysts released a report on Tron’s financial results. Blockchain has been able to significantly increase usage. It was not affected by SEC lawsuits against the Tron ecosystem.
So, the market capitalization of the TRON coin rose nearly 20% in Q1. And the company’s total quarterly revenue was $90.04 million..
That’s an impressive 88% increase over the previous quarter (it was $47.96 million).
We note that TVL’s 18.8% increase is expressed in dollars. But TVL, denominated in TRX, showed a slight decline of 0.5%.
QQThis trend signals that “the increase in U.S. dollar asset values has led to TVL rather than a new capital inflow,” experts wrote.
The main growth driver was an increase in the average number of daily transactions (+7.7%).. Now the figure is 7 million operations per day.
According to Messari, the surge in activity is due to the popularity of online steaking. During the quarter, the number of such transactions increased by 197%.
Stacking, however, accounts for only 3% of transactions.. 88% of transactions were TRX transfers.
In addition, the network showed an increase in transaction fees. The average transaction fee increased 59.2% in TRX and 80.2% in dollars.