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- Tron transaction volume nearly doubled, boosting the TRX price amid higher activity and slight fee adjustments.
- Darkfost attributes TRX price growth to increased transactions and small network fee hikes, driving token demand.
- Despite higher fees, Tron remains preferred for USDT transfers, offering low-cost, fast, and reliable transactions.
Tron has undergone an intense recovery since the bear market came to its end in September 2023. Darkfost highlighted that the uptick in activity, as well as minor changes towards flexible fee structures, has contributed to the resilience of the TRX price. The number of transactions per day on the blockchain has increased significantly, which directly affects the value of the native Tron token. This positive trend has been opened up by an increase in activity and slight fee adjustments.
By September 2023, the average transaction number on Tron per month was lower than 5 million. The volume has almost doubled to 9 million. This growth in the number of transactions is a sign of the increasing adoption of blockchain services. Increased transactions imply increased functional demand for TRX, which has contributed towards increasing the price of TRX. The major boost in the daily activity can also be regarded as one of the factors that stimulated the recent TRX price increase.
Source: X
Tron Low-Cost, Fast Transactions
Darkfost also indicated that the small hike in the network fees has positively influenced the TRX price. Tron (TRX) is the currency with which gas fees are paid, and due to the increased transaction volume and slightly augmented charges, the token demand has exploded. This demand has helped in the price direction of TRX. It represents a compelling illustration of how Tron blockchain is affecting the value of its tokens directly through network activity and changing fees.
Source: X
Nonetheless, even with the increased fees, Tron continues to be preferred when it comes to the realization of USDT. The platform still provides cheap transactions with quick execution speeds. These features are making Tron a competitive project in blockchain. Despite the changes in network fees, people still prefer using Tron due to its consistency and performance in transaction efficiency.
Source: X
Building Trust with Efficiency
Besides its low charges and high speeds, Tron also has a high success rate of transactions of at least 96%. Such a significant success rate is crucial in terms of ensuring the trust of the users and preserving the reputation of the platform. It also gives users the confidence that their transactions are being handled efficiently and smoothly, which helps establish Tron as one of the most dominant blockchains in the market.
Source: X
The recovery made by Tron is due to rising transaction volume and small fee changes. These aspects have contributed to positive traction in the price of TRX. Tron has managed to achieve sustained success in the blockchain environment because of its capacity to ensure low fees, speed, and reliability.
