Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»How Tron’s Profits Reached All-Time Highs Despite USDC Departure
ALTCOIN NEWS

How Tron’s Profits Reached All-Time Highs Despite USDC Departure

By Crypto FlexsFebruary 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
How Tron’s Profits Reached All-Time Highs Despite USDC Departure
Share
Facebook Twitter LinkedIn Pinterest Email

  • Tron’s daily network revenue reached an all-time high of $2 million on February 20th.
  • This was the day Circle stopped issuing USDC stablecoins on its network.

Tron (TRX)’s daily network revenue surged to an all-time high of $2 million on February 20, the same day stablecoin issuer Circle decided to stop offering the dollar-pegged stablecoin USD Coin (USDC) on its blockchain. They announced that they had decided.

Tron Protocol Profit

Source: TronScan

Tron’s protocol revenue is generated from burned TRX tokens, which are paid for on-chain transaction fees. According to data from Tron ScanOn February 20th, 13 million TRX coins were removed from circulation.

AMBCrypto reported Circle’s plans to stop issuing USDC on the Tron network in its February 21 publication. According to the stablecoin issuer, the move was aimed at keeping the second-largest stablecoin “trusted, transparent and secure.”

Therefore, the surge in protocol revenue from transaction fees on February 20 could be due to USDC holders struggling to remove the stablecoin from the network due to fears of unpegging.

User activity on Tron over the past few days

According to data from Tronscan, the number of daily active addresses on the Tron network has increased over the past two days.

As of February 22, 2.07 million active accounts have completed at least one transaction on the blockchain. This means that the number of daily active addresses on the Tron network has increased by 8% since Circle decided to stop issuing USDC.

Interestingly, there has been a noticeable decline in new demand for blockchain networks over the same period. According to information from the same data provider, the number of wallet and contract accounts with transfer records has decreased by 3% since February 20th.

For context, 193,000 new accounts were created on Tron just three days ago. As of February 22, the network recorded only 188,000 new accounts.


Realistic or not, TRX market cap in BTC terms is:


Tron’s daily transaction count has risen accordingly, with daily active accounts surging over the past two days despite less new demand on the network. The number of daily transactions completed on Tron has increased by 4% since Circle left the chain.

At press time, TRX was exchanging hands at $0.138 per data. CoinMarketCap. The altcoin’s value rose 5% last week and is up just 1.47% since Circle’s announcement.

Previous: Bitcoin’s ‘fair value’ – why is the ECB taking issue with this?

Next: List of cryptocurrencies using SHA256 algorithm: It’s not just a Bitcoin game!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025
Most Popular

FTX Prepares to Sell More Solana (SOL): Price Impact

April 22, 2024

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

December 1, 2023

BlackRock’s Bitcoin ETF changes structure and welcomes Wall Street banks

December 13, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.