- Tron also saw an increase in daily active addresses and daily transactions.
- The number of daily active addresses increased from 2.6M in Q3 to 3.1M in Q4.
Financial data analytic firm Messari said that in the fourth quarter of 2022, the blockchain platform Tron Network produced $47.9 million in revenue, up 25% from the previous quarter. Additionally, the company saw an increase in daily active addresses and daily transactions.
Most recently, Messari detailed how the cryptocurrency market had a “rollercoaster” year in 2022. First, the unfavorable macroeconomic circumstances took their toll, and then, in the spring, Terra crashed, compounding the situation. A market collapse and industry image were further damaged by the demise of once-prominent FTX, adding to the turmoil.
Successful Year Despite Turmoil
Despite all that happened in the fourth quarter, Tron still had a very successful year. During that time span, the platform led by Justin Sun brought in about $48 million in revenue, up 25% from Q3 numbers. With a net income of $48.5 million, the second quarter of 2022 is still the most successful.
Growth in both the number of users and the network activity on the Tron network was also noted. The number of daily active addresses increased from 2.6 million in Q3 to 3.1 million in Q4, and the number of daily transactions hit 6.5 million when compared to 5.3M during the previous time period. The average number of trades per second increased to 76 from 62 in the third quarter, but the average cost per trade stayed at $0.08.
Moreover, the platform has implemented a number of modifications to enhance its functionality and user experience and to diversify its investment strategy by partnering with the DeFi, GameFi, and NFT industries.
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