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Tron Gains Traction with Surge in User Activity and Upgrades According to Q4 2022 Report

Tron Gains Traction with Surge in User Activity and Upgrades According to Q4 2022 Report

The latest report from Messari, titled "State of TRON Q4 2022," offers valuable insights into the recent performance and progress of the TRON blockchain network.

According to the report, TRON saw a significant influx of new users and network activity during Q4, and daily active accounts continued to increase.

Daily active accounts continued to increase, while daily activated accounts experienced a reversal, leading to an unusual spike of 1.3 million new accounts on December 10, 2022.

Due to the heightened user activity, the amount of TRX burned during the quarter was significantly higher than what was generated. TRON maintained its position in the stablecoin space and ranked second to Ethereum in terms of stablecoin market cap.

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Smart contract execution and TRX transfers accounted for 90% of the total transactions on the network.

Despite the bear market in January, TRON continued to progress, with several upgrades to improve functionality, integrations, and user access.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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