TRON’s USDT transfers on the TRC-20 network soared to 22 billion, surpassing Ethereum’s 2.6 billion. It led Layer 1 blockchains in fee generation, reaching 1.36 billion USD over the last six months. The substantial activity in mid-2024 highlighted TRON’s appeal due to its lower fees and faster transactions.

TRON’s daily active accounts exceeded 2.62 million with an addition of 174,000 new accounts daily. Its total value locked (TVL) grew to over 23.4 billion USD, showing increased trust from users. This rise suggests TRON’s expanding influence in the crypto market amid growing investor confidence.

TRX’s price spiked to 0.30 USD, then adjusted to approximately 0.24 USD, indicating potential future trends. MACD suggests upward momentum, while RSI near 70 hints at possible overbought conditions. The forthcoming AI developments on TRON, as announced by Justin Sun, could stimulate market interest, impacting TRX’s value in the near future.