The Key Takeaways
TRON revenues dropped by 60% after the transaction fee was slashed. It is likely that the network will continue to remain one of market favorites when it comes to stablecoin payments.
You can also find out more about the following: TRON [TRX] The 29th of august, Network implemented an historic 60 percent reduction in the price for transactional gas. The energy unit was reduced from 210 to 100 Suns. CryptoQuant Research noted.
Source: CryptoQuant
Gas prices are at their lowest level since 2021. It was an attempt to reduce the on-chain prices that had been driven up by rising fuel costs. TRX price appreciation.
The 8th of Sept. saw the lowest average transaction fees since April 2024.
Revenues also dropped as a result of the drop in fees. The total daily fees dropped from $13.9m before the reduction in gas prices to $5m on September 7th.
Source: CryptoQuant
Then, you can also look at another on-chain analyst Captured how the moving 100-day average of block sizes climbed to it’s highest level since 2023. Block size is the amount of data or transactions that are contained within a block.
This growth is a positive sign for TRON. This growth was organic.
What is driving the TRON Network’s steady growth?
Source: CryptoQuant
The 12th September is the date when users will be able to access their accounts. Darkfost TRON’s network has seen a surge in whale transactions (transactions exceeding $100k).
A staggering 86% USDT was transferred that day as a result of whale activity.
It was not an isolated event. High whale activity is described as “institutional grade” The network was also growing.
It was close to a record high for network transactions.
The reasons for TRON’s rapid growth are the growing public acceptance of the stablecoin and its popularity, particularly USDT, as the main remittance layer.
Source: CryptoQuant
What is the difference between TRON? Ethereum [ETH] USDT volumes showed clear differences.
TRON has a 7-day moving average of $465 while Ethereum is at $117.
The average size of transactions in the last few months on TRON has remained constant, but on Ethereum it has decreased.
The smaller transaction size suggests that Ethereum is used for DeFi and possibly other payment methods.
The market has shown its confidence in TRON Network.
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Source: ambcrypto.com
