Despite broader downward trends in the cryptocurrency market, Tron (TRX) has shown resilience with notable growth in key metrics.
recently analysis From CryptoQuant contributors highlight Tron’s expanding ecosystem and increasing revenues, making a compelling case for its role in the ongoing evolution of blockchain technology.
One of the highlights is the significant increase in Tron’s daily revenue across the chain. According to data shared by analyst Crazzyblockk, this rise was driven by the network’s improved gas fee revenue and higher transaction volume.
Additionally, Tron’s price action now appears to be getting interesting as it approaches critical support and resistance levels, which could determine its near-term trajectory.
Daily revenue growth reflects the benefit of the network
Tron’s daily cross-chain revenue has grown 119% since January 1, 2024, a metric closely linked to higher gas usage and increased transaction activity on its blockchain, according to CryptoQuant analyst Crazzyblockk.
This increase, as revealed by the analyst, highlights Tron’s scalability in “processing large transaction volumes” while maintaining “cost effectiveness.” The revenue growth also highlights the expansion of network adoption within decentralized finance (DeFi) and smart contract ecosystems.
The network’s ability to generate significant revenue from gas fees is a benchmark for blockchain performance, with TRON numbers indicating growing user engagement and interest. The analyst wrote:
The year-to-date revenue expansion indicates increased user demand and network utility, further cementing TRON’s position as a leading blockchain for high-speed, low-cost operations.
Crazzyblockk also suggests that this trend reflects the economic viability of the network and its enhanced position among blockchains optimized for high-speed, low-cost operations.
Additionally, this development is particularly important as blockchain networks compete to attract developers and investors with notable decentralized applications. The analyst concluded by noting:
With this massive momentum in daily revenues, Tron is setting a new standard for blockchain economic models. Investors, developers, and users alike should watch closely as this trend continues to reshape decentralized finance and smart contract adoption.
Tron is approaching the main level
Meanwhile, from a technical perspective, TRON has reached a critical level near the one-year moving average (MA) plus two standard deviations, at around $0.25.
Darkfost is another CryptoQuant analyst to caution Failure to maintain this level could result in a drop to the 1-year MA support of around $0.15. However, the analyst highlighted that the growth of Tron’s ecosystem provides optimism for investors in the long term.
The network has seen notable activity, including a sharp increase in the volume of USDT on its blockchain, which rose from $8 billion in early 2023 to $27 billion by late 2024.
This growth indicates strong adoption and capital flow into the TRON network. Additionally, metrics such as the Moving Average Convergence and Divergence (MACD) indicate that TRX has been oversold recently, a condition that in the past has often preceded bullish momentum.
Featured image created with DALL-E, chart from TradingView