Since September 2023 and the end of the bear market, the Tron blockchain has made a strong comeback, clearly visible through the rise in daily transactions, accompanied by an upward trend in TRX price.
- Back in September 2023, the monthly average number of transactions on Tron has not exceeded 5 million. Today, it's approaching 9 million.
Simply put, the number of transactions has almost doubled, and this growth has been beneficial for the price of TRX, especially since the decision to slightly increase network fees.
- Since gas fees are paid in TRX, the steady growth in transaction volume, combined with the slightly higher fees now being paid in TRX, is creating a positive impact on TRX’s price action, driven by functional demand.
- But don’t be mistaken, Tron still holds its position as the go-to blockchain for USDT transfers and transactions.
Even after the fees adjustment, costs remain relatively low with an excellent execution speed, and a transaction success rate of over 96%.
Written by Darkfost
