As the broader crypto market battles volatility driven by escalating trade tensions, TRON (TRX) is experiencing record network demand. Governed by TRON DAO, the blockchain has generated over $900 million in fees year-to-date, according to TokenTerminal—a clear sign of rising network activity.
At press time, TRX is trading at $0.2362, marking a 0.78% gain for the day. With a market capitalization of $22.43 billion, TRON continues to hold its position as the ninth-largest cryptocurrency by overall market value.
TRON sees a surge in stablecoin activity
This fee milestone coincides with a notable surge in TRON’s on-chain activity. In the seven days leading up to April 7, the combined value of USDT and USDC stablecoins on the network increased by $396 million, based on data from Lookonchain.
TRON is also dominating in terms of exchange activity. In the same week, the network facilitated over $1.2 billion in Tether (USDT) inflows to crypto exchanges, further underlining its central role in stablecoin transfers.
Moreover, the stablecoin value on the TRON blockchain has been steadily rising since early January. Data retrieved by Finbold from DeFiLlama shows that TRON’s total stablecoin market capitalization now stands at $67.27 billion.
This consistent growth points to a bullish outlook, as rising stablecoin activity not only enhances on-chain utility but also contributes to the USDD burn mechanism, potentially drawing more users to the ecosystem. It also ranks as one of the most actively used networks, with over 2.5 million active addresses, second only to Solana (SOL).
This combination of massive stablecoin usage, high wallet activity, and dominance in exchange flows is the likely catalyst behind TRON’s impressive fee growth.
Although individual transaction fees on TRON remain low, the sheer transaction volume has generated consistent and significant protocol revenue, leading to the $900 million milestone in just four months.
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