According to figures provided by Messari, Tron made $47.9 million in revenue in the final quarter of 2022, a 25% increase compared to Q3.
Improved earnings despite FTX’s collapse
in researchMessari’s latest concludes that 2022 is a “roller-coaster” year for the cryptocurrency sector. With unfavorable macroeconomic conditions While Terra’s crash caused more serious problems. And it follows the famous failure of FTX. It caused a market crash and ruined the reputation of the industry.
But despite these negative events But in Q4 2022, the Tron network was quite successful. It generated nearly $48 million in revenue during the period. 25% higher than Q3, while Q2 2022 is still the highest grossing quarter at $48.5 million.
Tron also has new users and increased network activity. The average daily active wallet address increased from 2.6 million in Q3 to 3.1 million in Q4, while the average daily transaction hit 6.5 million (vs. 5.3 million in the previous period). and average transactions per second increased to 76 (62 in Q3), and transaction fees remained at $0.08.
It’s also worth noting that Tron burned 800 million TRX out of the 92 billion in circulating supply during Q4, nearly 40% more than the previous quarter.
USDD holdings also increased to about 130,000 by the end of December 2022, but vice versa. The average amount of holdings is down from $315,000 in May. Less than $10,000 left in Q4
Tron founder Justin Sun said recently that His main goal is to see TRX acting as a legal currency in 5 different countries by the end of 2023, and he believes that Sint Maarten and Dominica will be the first two.
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