TRX has been on a parabolic rise since mid-December 2023, jumping 42% from $0.097 to $0.141. The key impetus is Tron’s recent all-time high fee revenue of $1.758 million, according to Tronscan data. A positive revenue stream is essential for top DeFi projects, indicating high trade and increased utilization.
Tron met the revenue milestone on the same day it ‘burned’ 12.6 million TRX. Burning is a deflating approach that the network has consistently followed to keep TRX’s value despite its exponential supply.
According to Artemis statistics, Tron is also performing well in other areas: It has a total locked value of $8.7 billion (the second biggest among DeFi enterprises).
Tron is extremely popular on social media, having 1.5 million followers on Twitter/X. A minor blot on these developments is the loss of Tron’s second-most traded stablecoin, USDC. However, the blockchain has enough pros to sustain its current momentum. Also, estimates suggest that TRX will reach at least $0.35 by 2025.
