<p>The SEC has previously announced several legal actions against tokens in the Tron ecosystem. Nevertheless, the blockchain has recorded remarkable performances during the first quarter of 2023. This is revealed in a new report by the economic intelligence company Messari. Here’s what it’s all about.</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/05/tron-1024x683.png" srcset="https://www.cointribune.com/app/uploads/2023/05/tron-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2023/05/tron-300x200.png 300w, https://www.cointribune.com/app/uploads/2023/05/tron-768x512.png 768w, https://www.cointribune.com/app/uploads/2023/05/tron.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="Tron logo"></div><div class="my-4"></div>



<h2 id="h-tron-s-performance-indicators-show-solid-activity">Tron’s performance indicators show solid activity!</h2>



<p>Messari has revealed that the Tron blockchain, known for its <a href="https://www.cointribune.com/tron-trx-web3-decentralisation/" target="_blank" rel="noreferrer noopener">incredible strength</a>, has seen significant development during the first quarter of 2023. It has experienced substantial activity in the DeFi and stablecoin landscape, with increased user demand. The network has surpassed the $90 million mark in terms of revenue, recording a total income of $90.04 million in the first quarter of 2023. This represents an 88% increase compared to its $47.96 million revenue in the fourth quarter of 2022.</p><div class="my-4"><div class="ads ">
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<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<div class="entry-content-asset"><div class="social-embed-container"><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Tron’s Revenue in Q1, 2023 Surpassed $90M: Report: Tron is seeing substantial expansion across DeFi and stablecoin landscapes. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;" />＆<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f501.png" alt="🔁" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Nft?src=hash&amp;ref_src=twsrc%5Etfw">#Nft</a> <a href="https://t.co/5vSq75JaBj">https://t.co/5vSq75JaBj</a> <a href="https://t.co/y2n7Rkrwu1">pic.twitter.com/y2n7Rkrwu1</a></p>— Crypto411 (@CRYPT0411) <a href="https://twitter.com/CRYPT0411/status/1657832541032964096?ref_src=twsrc%5Etfw">May 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></div>
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<p>Similarly, the market capitalization of the native TRX token has increased by nearly 20% compared to the previous quarter. The economic intelligence company also <a href="https://messari.io/report/state-of-tron-q1-2023" target="_blank" rel="noreferrer noopener">indicated</a> a high level of staking activity on Tron, resulting in a 7.7% increase in average daily transactions. This average reached approximately 7 million during the first quarter of 2023.</p>



<p>Staking on Tron accounts for only about 3% of all operations on the network. However, the total number of staking transactions on the blockchain has increased by 197% compared to the previous quarter. Additionally, transaction fees on Tron skyrocketed during the quarter. It appears that they increased by 59.2% and 80.2% respectively in TRX and USD.</p>



<p>Tron commissioned a report titled “State of Tron,” which discusses transaction activity on the network. The report indicates that the majority of transactions were triggered by smart contracts and TRX transfers. It is worth mentioning that the USDT smart contract has had the most significant impact on transaction execution on Tron. Furthermore, the TRX network holds the second position, after Ethereum, within the stablecoin ecosystem. </p>



<p>That being said, Messari’s report comes shortly after a publication by AMBCrypto that has <a href="https://www.cointribune.com/des-mesures-sur-lactivite-du-reseau-tron-redonnent-espoir/" target="_blank" rel="noreferrer noopener">given hope</a> to investors in the Tron ecosystem.</p>

Tron takes off: +88% in revenue despite SEC attacks!

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